" The industry was slowly recovering from COVID, now they are unable to meet consumer demands for vehicles. COVID + chip shortage is the most disruptive event I have experienced in my 50 years in the automotive business. It is impossible to maintain a five-year business plan when no one can tell you when product will be back to pre-pandemic levels. " - Survey respondent 72% Respondents who think the chip shortage crisis will impact the industry for at least six months 54% Respondents from automakers* who describe their visibility into the Tier 1 supply base as very or somewhat visible RESPONDENTS WHO SAY THE CHIP SHORTAGE WILL HAVE A SEVERE IMPACT ON: 61% 72% 93% THEIR CURRENT JOB THEIR CURRENT COMPANY THE AUTOMOTIVE INDUSTRY * Respondents from automakers who describe their job function as engineering, product development, manufacturing, production, supply chain or purchasing Source: Automotive News Research & Data Center Copyright 2021 © Automotive News All rights reserved. 2