Tag Archives: automakers

That’s almost double the company’s previous forecast, in May, of $110 billion. It had initially projected some $60.6 billion in lost revenues at the beginning of the year, when automakers started cutting production at plants. “Of course, everyone had hoped that the chip crisis would have abated more by now, …

The New York-based consultancy has raised the previous outlook by 81.5%. In January, AlixPartners expected the shortage to cost the industry $60.6 billion in revenue. The group expects global car production to drop by 3.9 million units this year – up from the 2.2 million vehicle production cut projected in …