Global chip shortage slows motor vehicle production
SA motor companies confirm the shortage has hit their output but will not say by how much
05 September 2022 - 05:09
The global shortage of semiconductor microchips, which has seen SA motor companies struggle to meet market demand, is likely to continue well into 2023, analysts say.
Despite frantic efforts by chip companies and governments to ease the crisis, planned world vehicle production has been cut by at least 2-million units so far this year, Phil Amsrud, senior automotive analyst at market intelligence company S&P Global Mobility, told an industry briefing last week...
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