Europe Auto Sales Skid as Makers Pin Hopes on Chip Revival

The video discusses the ongoing chip shortage affecting the automotive sector, highlighting the supply chain disruptions exacerbated by COVID-19 in Southeast Asia. It debates whether the issue is purely supply-side or if demand is also weak. Despite challenges, demand for vehicles remains strong, with quick sales and waiting lists, especially for electric vehicles. Production is hindered by chip shortages, impacting the market.

What factors contributed to the chip shortage mentioned in the text?

How has the COVID-19 outbreak affected the automotive sector according to the discussion?

What evidence is provided to suggest that consumer demand for vehicles remains strong?

Discuss the implications of waiting lists for electric vehicles as mentioned in the text.

What are the challenges faced by automakers in relation to chip supply and production?