MICROCHIP SHORTAGE
Coverage of the chip shortage in the auto industry.
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Bosch said earnings were weighed down by supply chain cost increases and investments in the transformation of the company’s mobility business.
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Another 11,500 scheduled vehicles will be eliminated due to the microchip shortage, according to the latest estimate by AutoForecast Solutions.
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Even as microchip supply continues to improve, the auto industry remains at least several months away from the semiconductor shortage ending, according to AutoForecast Solutions.
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Auto service centers and their customers are suffering the same backlog that has made headlines largely for its impact on automakers. And it's not over yet.
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