The worsening chip shortage could cost the auto industry $110 billion in lost revenue this year, consultancy AlixPartners said early Friday in an updated forecast.
AlixPartners' latest prediction is nearly double its estimate in January that the total impact of the semiconductor shortage would be $61 billion.
The company said it also anticipates that net production of 3.9 million vehicles will be lost this year, bringing expected global light-vehicle production down to 80.7 million units.