Chip Rebounds Fuel Auto Production and Innovation

During the height of the pandemic, lockdowns were the primary challenge that automakers had to deal with. However, they were not the only challenge, as global shutdowns caused chip shortages, making it difficult to keep up with production. This resulted in higher car prices and a lack of innovation, as automakers couldn't implement their vision for safer and generally more advanced vehicles. Fortunately, chip production is beginning to rebound, making vehicles easier to produce and get out to customers promptly.