Earlier this week, the New York Times reported that the global economic rebound is being put at risk because of the “semiconductor crisis, which is forcing virtually all carmakers to eliminate shifts or temporarily shut down assembly lines [and] could be strong enough to push some countries into recession”:
The auto industry accounts for about 3 percent of global economic output, and in carmaking countries like Germany, Mexico, Japan or South Korea, or states like Michigan, the percentage is much higher. A slowdown in automaking can leave scars that take years to recover from…
Used car prices are skyrocketing because of the lack of new cars…
