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The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts estimate from January dreuter@insider.com (Dominick Reuter) © Associated Press Workers build Ford F-150 trucks at one of the automaker s assembly plants. Associated Press
The semiconductor shortage is expected to cost the global automotive industry $110 billion in 2021.
Ford and GM have cut their earnings expectations by $2.5 billion and $2 billion, respectively. This is going to be longer and more difficult than most people think, one dealer told the WSJ.
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A new estimate from the consulting firm AlixPartners puts the global industry cost of the shortage at $110 billion this year, up from an earlier estimate of $60 billion in January.
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Covid Desperation Is Spreading Across India Jeffrey Gettleman and Suhasini Raj © Archana Thiyagarajan/Agence France-Presse Getty Images A cremation ground for Covid-19 victims along the banks of the Ganges River in Garhmukteshwar, India, this month.
NEW DELHI Dozens of bodies washed up on the banks of the Ganges this week, most likely the remains of people who perished from Covid-19.
States in southern India have threatened to stop sharing medical oxygen with each other, fiercely protective about holding on to whatever they have as their hospitals swell with the sick and infections skyrocket.
And at one hospital in Andhra Pradesh, a rural state in southeastern India, furious relatives went on a rampage in the intensive care unit after lifesaving oxygen suddenly ran out the latest example of the same tragedy repeating itself, of patients dying while gasping for air.
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