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Supply of semiconductors could begin to ease in the final quarter of 2022 allowing production volumes to slowly recover, says the European Automobile Manufacturers’ Association (ACEA). This comes after the EU raised passenger car output 5.8% on-year in January-September to 7.97 million vehicles despite continued constrained semiconductor supply. This was still however well below pre-Covid output of 10.74m units in January-September 2019, Kallanish notes. Ru…
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