Shortage of computer chips causes problems for auto industry
DETROIT – A shortage of computer chips is causing problems for the auto industry. General Motors has warned that it is likely to lose around $2 billion this year as a result. READ: Why you should ask about ‘destination fee’s before purchasing a new vehicleFor the auto industry the problem is a supply and demand issue created by manufacturing. Because of the issue many automakers are having to slow or stop production to put the chips in vehicles. Or, if it’s something like a powertrain where every vehicles got it 100 percent of your vehicles have that powertrain chip, then you’re basically stuck,’ he said.