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TAP TIMES -10- MAY-JUNE 2022
In the time of COVID (from 9) er continued to battle a global shortage of
semiconductor chips.
loud wails from Detroit and other car man-
ufacturing centers from Seoul to Beijing to Vehicle sales fall
Stuttgart to Tokyo, when critical semicon- U.S. new-vehicle sales overall for January
ductors became unavailable. through March likely came in below 3.3
million, down 14% from the fi rst quarter
Critical auto chip shortage continues of 2021, industry analysts say, CNBC re-
In April, Volvo said its car sales in March ported.
fell 22% to 58,677 cars. The car maker,
now majority-owned by China’s Geely The broadcaster also reported on February
Holdings, said the chip shortage is expect- 20 that the global chip shortage “is devas-
ed to impact production during the second tating the auto industry.”
quarter.
Cars without features
The company cited a “specifi c,” unnamed “Carmakers are forced to sell cars without
semiconductor as the unavailable part, ac- features such as heated seats, considered
cording to Reuters. essential in colder climates,” CNBC said.
“General Motors has been directing the
Ford said its U.S. sales of new vehicles de- supplies it does have to its most profi table
clined 17% during the fi rst quarter, includ- vehicles.”
ing a 26% slide in March, as the automak- To page 12
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