German Car Producers Have Cut Production, Will This Cause a Speed Bump in the Economy?
Key Points:
- Semi-conductors aren’t the only shortage in Germany but also copper aluminum cobalt, lithium nickel which is need to manufacture an electric vehicle
- Germany’s economy relies heavily on the export of automobiles
- Things that happen across the world in the automotive industry can impact the automotive industry in the United States
Commentary:
The automobile industry is an industry that is really feeling the impact of shortages especially when it comes to chips that go in the vehicle. Production and sales of cars have started to slow down because of these shortages. German car producers such as Mercedes Benz, Volkswagen and BMW have had to cut back on productions and some expect the German economy to hit a “speedbump” because of uncertainty in the car industry.
Justin Honore asked Carl Anthony Editor of AutoVision News about the effects of this and what it could mean for the American auto industry.
If you liked this video, you can see more insights from Carl Anthony here:
Can Intelligent Systems Give Auto Leaders A Fresh Business Model?
Will the Chip Shortage Accelerate Electric Vehicle Adoption?
