July 13, 2024
The latest numbers on the microchip shortage: New cuts in Asia, N. America

The number of vehicles cut from automakers’ production schedules this year because of microchip shortages topped 1 million last week. New losses mounted in Asia and North America, according to the latest estimate by AutoForecast Solutions.

The forecasting firm, which has monitored the impact of the global semiconductor shortage since it began more than two years ago, added about 92,500 vehicles to its running tally of production cuts worldwide. That brought this year’s total to about 1.07 million vehicles, a number that’s projected to grow to 2.83 million by year end.

The majority of the newest schedule changes occurred at Asian assembly plants. Automakers axed about 27,100 vehicles from the schedule in China, with 28,900 units removed from production schedules at Asian factories outside China. 

Meanwhile, companies scratched 25,600 vehicles from North American production plans, with 10,800 lost in Europe.

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