Bosch Says Chip Crunch, Costs to Weigh on Carmakers Also in 2022
This article is for subscribers only.
Robert Bosch GmbH expects the semiconductor shortage and materials-cost increases that have weighed on automakers to continue hampering vehicle output this year.
While the biggest auto-parts maker sees global production rising to around 85 million units in 2022, that’s still about 8% below pre-pandemic levels, it said Wednesday. Bosch plans to spend 400 million euros ($457 million) to expand chip facilities in Germany and Malaysia to help ease the bottleneck.