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The World’s Automakers Buckle Up for More Chip Turmoil Ahead

Inside a BMW AG Auto Showroom as Robust Prices Help Offset Chip Shortage Crunch
Photographer: Krisztian Bocsi/Bloomberg

For the auto industry, the question isn’t whether the global chip shortage is cutting into car and parts manufacturers’ earnings, but just how big the dent is and how long this will last.

Since influential researcher IHS Markit slashed its forecasts for this year and each of the next two years by a combined 14.5 million vehicles, the profit warnings have been fast and furious: