Carmakers Face $61 Billion Sales Hit From Pandemic Chip Shortage

An anonymous reader quotes a report from Bloomberg: When the Tohoku earthquake and tsunami ravaged Japan in 2011, ocean water flooded factories owned byRenesas Electronics Corp.Production at the swamped facilities ground to a halt — a major hit for Renesas, of course, but also a devastating blow to the Japanese car industry, which depended on Renesas for semiconductors. Lacking chips for…