What Could Happen to the Auto Industry If the Chip Shortage Were to Get Worse?

Car makers are still feeling the impacts of the pandemic in a major way. According to a new forecast from IHS Markit inventory shortages and higher prices will likely be plaguing car makers until the first half of 2023, at which point it will hopefully enter a recovery phase. In the meantime, is there any financial resiliency lessons that were taken from 2008 bailouts throughout the auto industry that can apply to this current crisis? We tapped Zach Shefska, the CEO of Y.A.A, (Your Advocate Alliance) to give us some insight.

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