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Tuesday, 28 September 2021 18:02

Automakers' Problems Much Worse Than We Thought

Written by Chris Isidore, CNN Business

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For a year and a half, a lack of computer chips has been plaguing the auto industry, forcing plants to shut down, delaying auto shipments and sending car prices through the roof. But that's not the only problem automakers face.

Industry experts say automakers are having trouble getting all manner of parts and raw materials for a variety of reasons, including COVID-related plant shutdowns by suppliers, logistical problems involving shortages of ships, shipping containers and truck drivers, and difficulty some suppliers are having filling jobs.

 

That's making the cost of the current supply chain crisis much larger than earlier estimates, leading to much higher costs for automakers and car buyers as well.

 

To read more, see CNN Business.