From electronic chip shortages to wiring harness bottlenecks, the auto industry has come to a standstill in recent years. The result: it became expensive for potential buyers. “But that is over,” says Adolf Seifried, spokesman for the car trade. You can read why this is the case in part 5 of our series ‘Let’s talk about money’.
Interrupted supply chains in the early stages of the pandemic, then the global shortage of electronic chips, later the shortage of wiring harnesses as production in Ukraine was disrupted due to the war – the automotive industry has faced several stop signals in the last three years . The result: delivery problems, extremely long waiting times for new cars, prices that went up!
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
