Chip Shortage to Cost Automakers $210 Billion in Sales: Analysis

Chip Shortage to Cost Automakers $210 Billion in Sales: Analysis
Workers assemble cars at the newly retooled Ford's Assembly Plant in Chicago, June 24, 2019. Jim Young/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The global semiconductor shortage will lead to 7.7 million fewer vehicles produced in 2021, costing automakers billions in lost sales, according to consulting firm AlixPartners.

The forecast, released Sept. 23, estimates that the shortage will cost the auto industry $210 billion globally in lost revenue in 2021, up sharply from the May projections of $110 billion in forgone sales and 3.9 million fewer vehicles built.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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