/PRNewswire/ The automotive industry accounts for nearly a quarter of global greenhouse gas emissions. As countries work to achieve net-zero emissions by.
Apr 01, 2021
A global shortage of semiconductors reduced Kenworth and Peterbilt truck deliveries in the first three months of this year by approximately 3,000 vehicles, parent company Paccar said Wednesday. It s a problem that isn t likely to be resolved soon. Paccar anticipates that the semiconductor shortage will continue in the second quarter, the company said via statement. North American and European truck industry orders continue to be very strong. Paccar’s forecast for 2021 truck industry retail sales remains unchanged.
Paccar s first quarter 2021 truck deliveries are estimated at approximately 42,000 vehicles, compared to 40,800 vehicles delivered in the fourth quarter of 2020.
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The semiconductor shortage was spurred by chip manufacturers who pivoted toward consumer electronics during the worst of the pandemic as truck and auto sales swooned. Vehicle orders rebounded quicker than expected, leaving a dearth in supply. It can take several weeks – if not months