Business
Chips are down: Why the world could run out of new cars – The Driven
An acute shortage of semiconductor chips has prompted Morgan Stanley to seriously suggest the world could run out of new cars.
Could the world run out of new cars?
It seems an absurd question. But an acute shortage of semiconductor chips has prompted equity analysts at investment bank Morgan Stanley to seriously examine the possibility.
The numbers show it isn’t a silly question at all. According to Morgan Stanley’s research, Ford, General Motors, and Stellantis car inventories are way down on last year thanks to a the combined effect of unexpectedly strong demand for cars and a shortage of chips.
Take General Motors. This…
-
General23 hours agoFederal Labor makes $100m Canberra convention centre funding pledge for planning, new aquatic centre
-
Business9 hours agoBattle of the ASX ETFs: Why has VGS outperformed VTS this year?
-
General19 hours agoTribute unveiled for SA Police Brevet Sergeant Jason Doig after fatal 2023 shooting
-
Noosa News4 hours agoBanana farmers still salvaging fruit four weeks after ex-Tropical Cyclone Alfred