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…
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