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ARTICLE · 26 JULY 2023

Chip Supply Mending But Not Out Of The Woods

Crowe
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A global shortage of semiconductor chips was the automotive industry's kryptonite for most of 2021 and 2022.

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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CHIP SUPPLY MENDING BUT NOT OUT OF THE WOODS

A global shortage of semiconductor chips was the automotive industry's kryptonite for most of 2021 and 2022. But the crisis is now ading, S&P Global Mobility said Thursday. In the first half of 2023, production cutbacks tied to chip shortages fell to about 524,000 vehicles. Supply remains constrained, but automakers have been able to adapt production schedules as chip availability becomes more predictable, S&P Global Mobility said.

Source: Automotive News

VOLKSWAGEN CEO SCHAEFER TO MANAGERS: 'THE ROOF IS ON FIRE'

Volkswagen CEO Thomas Schaefer is warning of tough times, suggesting "all is at stake" in a fiery address during an internal managers' meeting held this week. In the hour-long meeting, Schaefer laid out the breadth and severity of problems facing VW as it seeks to become a leading manufacturer of electric vehicles while continuing to serve global markets with traditional internal-combustion-engine

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