Chip shortage putting the brakes on Singapore car dealers, part makers
World's largest car makers are pausing or cutting production; recovery efforts may start only in early 2022
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SOME manufacturers of car parts and car dealers in Singapore are facing trickle-down effects as some of the world's largest car makers pause or cut production amid a global semiconductor shortage.
In recent months, a growing number of major car makers including Ford, Nissan and Volkswagen have paused or cut production amid a shortage of chips, which power a range of functions in cars. The shortage came as demand for consumer electronics surged with more people staying home during the pandemic, diverting supply from car makers which had reduced orders amid cautious expectations of a recovery in demand.
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