Semiconductor shortage, commodity woes continue to haunt OEMs

While earlier in 2022, auto original equipment manufacturers (OEMs) were expecting an improved demand scenario, the turn of events in the last five months means they would now need to temper their expectations. Geopolitical strifes, Covid-19 resurgence have prolonged semiconductor shortages and induced volatility in fuel prices, thereby hurting demand in the last quarter of the previous fiscal.

from Auto-Industry-Economic Times https://ift.tt/tO6ovgQ