The China threat that's already here – and on our roads
The presenters of Top Gear pulled no punches as they ridiculed Chinese cars on a visit to the country just over a decade ago.
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The presenters of Top Gear pulled no punches as they ridiculed Chinese cars on a visit to the country just over a decade ago.
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Semiconductor shortage to cost carmakers $110bn in 2021 Car giant Ford is just one of many carmakers to have been forced to cut production due to the shortage of the chips. (Getty Images) The current global shortage of semiconductors is on track to cost the world’s automakers $110bn in revenue this year, almost twice previous estimates. Consultants at Alix Partners said that 3.9m fewer vehicles would be manufactured in 2021 as a result of the shortfall, weighing on car firms’ earnings. One by one the world’s car giants have come out to warn that the shortage, caused by ...