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08 Feb
14:53

Semi-conductor shortage hurts global automotive recovery: Fitch

The global semi-conductor shortage is disrupting automotive production and may delay a recovery of new vehicle sales and profitability in the sector, Fitch Ratings says. “Carmakers are reducing output and selectively idling plants until the shortage eases, which we expect to take several months,” the agency comments in a note seen by Kallanish. “Some automakers and suppliers may even reconsider their supply chains, opting for greater vertical int…
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