In a report consulting firm AlixPartners said, the global shortage of semiconductors is likely to cost automakers $110 billion in lost revenues in 2021, up from a previous estimate of $61 billion. It expects the crisis to effect the production… Read More ›
In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
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