More than 90 percent of the U.S. auto industry was shuttered three years ago because of the COVID-19 pandemic. Then, just as American consumers were returning to showroom floors and auto workers were returning to the factories, a prolonged shortage of automotive semiconductor chips emerged, severely handicapping automakers worldwide. Despite these headwinds, Japanese automakers continue […]
Author Archives: Thomas Prusa
Thomas Prusa is a professor of economics at Rutgers University. He wrote this for InsideSources.com.