Semiconductor Shortages to Cost Auto Industry $210 Billion in Revenue This Year

Semiconductor Shortages to Cost Auto Industry $210 Billion in Revenue This Year
An employee installs parts on the undercarriage of a Mercedes-Benz GLS-Class SUV at the Mercedes-Benz US International factory in Vance, Alabama on June 8, 2017. ANDREW CABALLERO-REYNOLDS/AFP via Getty Images
The Center Square
Updated:

The U.S. auto industry is expected to lose $210 billion in revenue this year, according to the latest forecast by the global consulting firm AlixPartners, which projects a “multitude of extraordinary disruptions” in the industry.

The industry is facing a loss of 7.7 million units of vehicle production, double the loss of a May forecast AlixPartners projected because of an ongoing semiconductor shortage worldwide.

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