The industry has regained its manufacturing pace, but potential disruptions in chip supply remain, and production momentum disruption has pushed a 100-million-unit year into the next decade.
SOUTHFIELD, Mich., July 13, 2023 /PRNewswire/ — The impact of the COVID-19 pandemic on the availability of semiconductor chips took a drastic toll on all facets of the automotive industry, and in turn the global economy. But in mid-2023, the worst of the fallout seems to have settled, and the auto industry has found a new normal. In short, the dearth of supply of semiconductor chips that hobbled vehicle production for most of 2021 and 2022 has faded into the background — with some exceptions — according to recent analysis by S&P Global Mobility.
S&P Global Mobility estimates that in 2021 more than 9.5 million…
