The global number of vehicles lost in announced shutdowns and line slowdowns as a result of chip shortages is swiftly closing in on 3 million and estimates have it continuing on unabated for the rest of 2021. The worldwide market for Automotive Paint & Coating is expected to grow at a CAGR of roughly 4.02% over … ET. The chip shortage “has become a serious problem for manufacturers, especially the auto industry,” a group of German economic research institutes warned in a joint report this month. Companies worldwide say they expect supply-chain constraints due to logistics backlogs and the chip shortage to continue for much of 2021. China, Japan, Germany, US are major consumption regions in Automotive Paint & Coating production market. Feb. 12, 2021 3:42 pm ET ... Audi, citing a chip shortage, furloughed 10,000 factory workers for the first time since the spring lockdowns. Carmakers have called for a portion of Joe Biden's $50bn chip plan to be ringfenced for automotive chips By James Titcomb San Francisco 24 April 2021 • 7:00pm UK car sales rebound after ‘one of darkest years in automotive history’ Published: 5 May 2021 VW, Audi and Skoda owners angry over fault in SOS warning system Thu 22 Apr 2021 09.47 EDT. ... list of manufacturers idling factories. Automotive Paint & Coating Market is mainly dominated by PPG, BASF, Axalta Coating Systems, Nippon and Kansai, and these companies occupied ~74.0% market share. ... “Like other automotive manufacturers… ... although the company will continue to monitor its chip supply before committing to a reopening date. NXP Semiconductor NV Chief Executive Officer Kurt Sievers said the shift to electric vehicles is happening faster than anticipated, which has added to the increased demand for automotive chips. A Ford 2018 F150 pick-up truck moves down the assembly line at Ford's Dearborn Truck Plant during the 100-year celebration of the Ford River Rouge Complex in … Sonic Automotive Inc Q1 2021 Earnings Call Apr 29, 2021, 11:00 a.m. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator.

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