The Car Chip Shortage Could Soon Be Over

The global chip shortage, that has slowed auto production, could soon be ending.

As anyone who has attempted to buy a vehicle lately knows, there aren't many options out there.  The worldwide chip shortage has slowed production in Detroit, Hiroshima, and other places to a crawl, and across the country dealers are out of inventory hours after they receive delivery. There is, however, optimism for the future: GM (NYSE: GM) executives have recently stated to investors that the company's chip supplies are improving, and it expects output to rise by 25% to 30% in 2022 over 2021.

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