Chip crisis appears to be easing but carmakers not declaring victory just yet
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Carmakers feel chip crisis easing as global growth slows
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The global semiconductor shortage that has bogged down the auto industry for almost two years is showing signs of easing, at least for now.
Mercedes-Benz AG, Daimler Truck Holding AG and BMW AG are among automakers now getting enough of the high-tech components to produce at full capacity after experiencing crippling outages for months.
The breakthrough comes earlier than the companies predicted and marks a bright spot for an industry facing a deteriorating economy and inflation while managing a historic transition to electric-vehicle production. Manufacturers are cheering the chip-supply improvement but are not declaring victory yet.
“We’re still monitoring it week to week,