Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Tiny but big: Chips cast major shadow over Munich car show

by REUTERS

MUNICH Sep 06, 2021 - 6:21 pm GMT+3
The booth of Chinese carmaker Great Wall Motors (GWM) is seen during a press preview at the International Motor Show (IAA), in Munich, Germany, Sept. 6, 2021. (AFP Photo)
The booth of Chinese carmaker Great Wall Motors (GWM) is seen during a press preview at the International Motor Show (IAA), in Munich, Germany, Sept. 6, 2021. (AFP Photo)
by REUTERS Sep 06, 2021 6:21 pm
RECOMMENDED
The photo taken on Feb. 6, 2019, shows people visiting a Toyota car showroom in Tokyo. - Japan's Toyota was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year running, company data showed on Jan. 30, 2023. (AFP Photo)

Toyota top-selling automaker for 3rd year in row

TOYOTA

As carmakers gathered in Munich on Monday to launch almost exclusively zero- or low-emission vehicles, an ongoing painful semiconductor shortage cast a long shadow over the first major car show since before the pandemic began.

Forced to shut down plants last year, carmakers now face increasing competition from the consumer electronics industry for chip deliveries. That problem has been compounded by a series of supply chain disruptions during the pandemic.

Cars have become increasingly dependent on chips – for everything from computer management of engines for better fuel economy to driver-assistance features such as emergency braking.

Speaking during the launch of a couple of electric vehicles (EVs) on Sunday evening, Ola Källenius, CEO at premium German carmaker Daimler AG, said that while the company is hopeful its own supply will improve in the fourth quarter, soaring demand for chips means the industry could struggle to source enough of them into 2023 – though the shortage should be less severe by then.

"Several chip suppliers have been referring to structural problems with demand," Källenius said. "This could influence 2022 and (the situation) may be more relaxed in 2023."

Joerg Burzer, head of supply chain at Daimler's carmaking unit Mercedes-Benz, said he was hoping the situation would stabilize in the fourth quarter. "Relaxation will come later."

The IAA Mobility show in Munich is the first major motor industry event worldwide since the global coronavirus pandemic.

Despite the ongoing shortage, Daimler board member Britta Seeger said the carmaker does not believe its long-term electric vehicle goals will be affected.

Automakers from U.S. group General Motors to India's Mahindra and Japan's Toyota have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs.

Just last week, Chinese EV maker Nio cut its delivery forecast for the third quarter due to uncertain and volatile semiconductor supplies.

Renault CEO Luca De Meo said on Monday the chip shortage had been tougher than expected during the current third quarter, but said the situation should improve in the fourth quarter.

Major auto supplier Bosch said it expects the shortage will ease somewhat in the coming months, but supplies will remain constrained into next year.

BMW CEO Oliver Zipse said the premium carmaker expects supply chains to remain tight well into 2022, squashing hopes that the painful shortage will end soon.

"I expect that the general tightness of the supply chains will continue in the next 6 to 12 months," he said.

RECOMMENDED
The photo taken on Feb. 6, 2019, shows people visiting a Toyota car showroom in Tokyo. - Japan's Toyota was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year running, company data showed on Jan. 30, 2023. (AFP Photo)

Toyota top-selling automaker for 3rd year in row

TOYOTA
  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    automotive industry chip crisis semiconductor iaa auto show
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    A Toyota C-HR Prologue model, which will be manufactured at Toyota Motor Manufacturing Türkiye (TMMT) in the northwestern province of Sakarya, Türkiye. (Courtesy of TMMT)

    Türkiye plant pitched to manufacture new Toyota C-HR plug-in hybrid

    automotive-industry
    A U.S. Air Force airman marshals an F-16 Fighting Falcon aircraft assigned to the 480th Fighter Squadron, at the 86th Air Base near Fetesti, Romania, Feb. 17, 2022. (Reuters Photo)

    Türkiye warns of 'price' if US fails to deliver long-sought fighter jets

    F-16-FIGHTER-JETS

    Pilot dead, other pilot missing after Greek F-4 jet crashes

    Greece

    Finland probing Paludan's links with Russia: FM Haavisto

    nato-membership
    No Image
    Israeli violence hit children where they are weakest: Their bedrooms
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021