The global automotive industry was projected to lose more than $110 billion in 2021 because of the microchip shortage.
Notes on verification
Figure traces to AlixPartners' May 2021 forecast, widely reported by CNBC, Reuters, NBC News, Detroit News, and WardsAuto, and corroborated in magnitude by an independent KPMG estimate (~$100B). Later revised upward as conditions worsened, but the $110B figure was accurate as a contemporaneous projection. [tier=silver indep_score=0.88 clusters=5 claim_tier=notable | framework convergence=partial on AlixPartners' May 2021 automotive semiconductor shortage forecast (upstreams: AlixPartners, KPMG) — publishers independent, evidence may not be | kind=attributed eligibility=high (extractor: empirical/high)]
Sources
- The great chip crisis threatens the promise of Moore's Law (seed:technology_and_ai)
- https://www.cnbc.com/2021/05/14/chip-shortage-expected-to-cost-auto-industry-110-billion-in-2021.html (corroboration)
- https://www.alixpartners.com/newsroom/2021-automotive-industry-semiconductor-shortage-forecast/ (corroboration)
- https://www.reuters.com (corroboration)
- https://www.nbcnews.com/business/autos/chip-shortage-could-cost-automakers-110-billion-n1267342 (corroboration)
- https://www.detroitnews.com/story/business/autos/2021/05/14/chip-shortage-cost-auto-industry-110-billion/5074549001/ (corroboration)
- https://venturebeat.com/business/kpmg-car-makers-will-lose-100b-in-2021-due-to-semiconductor-shortage (corroboration)