Auto production pain worldwide

[garnermike]

Sorry if there's a paywall, but really good article on how auto makers, their workers, and customers are hurting, and on the economic effects of shortages of materials, especially chips. From the article:

“We are basically sold out in Western Europe and North America until next year,” Martin Daum, the head of Daimler’s trucks unit, said, citing the chip shortage.

There is no sign the crisis will end soon. Semiconductor makers have promised to increase supply, but building new factories takes years and car companies are not necessarily the most important customers behind the technology giants.

“Semiconductor manufacturers are going to give priority to the Apples and HPs of the world,” said Gad Allon, a professor at the Wharton School, “not a Ford.”

https://www.nytimes.com/2021/11/02/...te=1&user_id=62ae9b4f4072687141d81f6cd5efc9b6

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[JKinPA]

Sorry if there's a paywall, but really good article on how auto makers, their workers, and customers are hurting, and on the economic effects of shortages of materials, especially chips. From the article:

“We are basically sold out in Western Europe and North America until next year,” Martin Daum, the head of Daimler’s trucks unit, said, citing the chip shortage.

There is no sign the crisis will end soon. Semiconductor makers have promised to increase supply, but building new factories takes years and car companies are not necessarily the most important customers behind the technology giants.

“Semiconductor manufacturers are going to give priority to the Apples and HPs of the world,” said Gad Allon, a professor at the Wharton School, “not a Ford.”

https://www.nytimes.com/2021/11/02/...te=1&user_id=62ae9b4f4072687141d81f6cd5efc9b6

Sometimes reality sucks

 

[clippedwings]

Thanks for confirming my suspicians

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