Auto companies cut the orders because they anticipated falling demand[0] >Mr Duesmann described the problems as “a crisis upon a crisis”. Demand for cars slump

Auto companies cut the orders because they anticipated falling demand[0] >Mr Duesmann described the problems as “a crisis upon a crisis”. Demand for cars slumped for much of last year because of the coronavirus pandemic, prompting auto suppliers to cut their orders for the computer chips that manage everything from a car’s brakes and steering to its electric windows and distance sensors. >But demand for cars jumped unexpectedly in the final three months of 2020, as buyers became more optimistic. Audi had its best quarter ever, largely because of a rebound in China. [0] https://on.ft.com/39V7w9h https://on.ft.com/39V7w9h (paywalled after 3 free accesses)