Semiconductor Chip Shortage
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Canada’s auto industry bucks 5-year production decline, more gains expected: DesRosiersCanadian auto production rose last year to break a five-year streak of decline, and the output boost is expected to continue in 2023.EconomyFeb 22, 2023
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Looking to buy a new car? Wait times could stretch up to 2023, experts sayAlong with supply chain problems, one of the main reasons for the delay in vehicle deliveries is due to the global chip shortage.ConsumerMay 1, 2022
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Canadian used car sales rose 5% in 2021 amid semiconductor shortagesIndependent car dealers saw weaker growth than franchised dealers last year because they lack off-lease trade-ins, according to the report.ConsumerFeb 9, 2022
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Magna’s profit hit in Q3 as chip shortages continue to hamper auto productionMagna says vehicle production was significantly lower than anticipated largely due to the chip shortages.EconomyNov 5, 2021
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Canadian auto production ‘being hit hard’ by global semiconductor shortageCanada is expected to produce only about 1.2 million vehicles this year, down from 1.4 million last year and well off the 2.2 million yearly average for the decade up until 2019.EconomyOct 11, 2021
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Want to buy a car? The semiconductor chip shortage could affect your selection and priceAutomakers are struggling to find semiconductor chips for key vehicle modules. Here's what it means for car shoppers.MoneyMar 27, 2021
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