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31 Jan
12:38

Spanish automotive industry dips in 2021

The Spanish carmaking sector ended 2021 on a down note. The industry says that its performance was impacted by persisting global semiconductor shortages. The continuous fall in demand in its main exporting markets is also weighing on the recovery to pre-pandemic levels, Kallanish notes. The microchip crisis is likely to persist at least until mid-2022, according to the national automotive association Anfac. “The severe shortage of microchips is conditioning …
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