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Synopsis
A lack of chips used in everything from navigation systems to certain rear-view mirrors has forced carmakers to curtail production just as demand picks up again in major economies that are easing pandemic restrictions.
iStock
The chip shortages that arose after consumers snapped up electronic gadgets en masse while confined to their homes have spurred broad efforts to boost production.
BMW AG expects the global semiconductors shortage hobbling automotive production to be resolved in a couple of years as companies and governments work to overcome the shortfall.
“There’s intense focus on the issue globally, so it’s to be expected for supply and demand to be back in balance within two years at the latest,” Chief Executive Officer Oliver Zipse said in an interview Thursday at the company’s driving academy near Munich. ....

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