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How the microchip shortage has roiled an business

The chip scarcity has tapped the brakes on Volvo Cars’ sector momentum.

This 12 months, Volvo experienced to briefly halt manufacturing throughout its community, like manufacturing facility lines in Sweden, Belgium, the U.S. and China, to cope with the offer disruption.

In accordance to AutoForecast Remedies, Volvo has trimmed an believed 22,000 cars from its routine all over the world so significantly mainly because of creation stoppages.

That tally could increase to as a great deal as 29,000 before the disaster is in excess of, AFS observed.

Last month, Volvo halted manufacturing at its Swedish plant in the vicinity of

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