Unrelenting microchip shortages have taken another 96,700 vehicles out of automaker production schedules around the industry.
Microchip shortages will cause automakers to reduce their global production plans by an 47,800 more vehicles this week, according to the latest estimate from AutoForecast Solutions.
About 27,600 of those will come out of North American assembly plant schedules, with the remainder being axed in China. So far this year, nearly 3.3 million vehicles have been lost due to the worldwide semiconductor shortage, according to AFS. No additional cuts are expected this week for Europe, South America, the Middle East, Africa or in Asia outside of China, according to AFS.
The microchip shortage is just one of several supply chain challenges confronting the auto industry at the moment, but it is continuing to force companies to change production plans. BMW, for example, will prioritize production of certain crossovers in the U.S. over smaller models and the production of vehicles in China, said Sam Fiorani, AFS vice president of global vehicle forecasting.Source: AutoForecast Solutions Inc. autoforecastsolutions.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bargain hunter scores 700-year-old medieval times documentInstead of a kitchen appliance, Will Sideri stumbled upon a framed document hanging on a wall.
Read more »
As Pujols pushes for 700, baseball world inspired by Cardinals 'legend'Now on the doorstep of 700 career home runs, the St. Louis Cardinals star is inspiring awe from all corners of the game. Watch Pujols continue his chase for the milestone on Thursday when the Cardinals face the Cincinnati Reds on Sportsnet and SN NOW at 7:30 p.m. ET / 4:30 p.m. PT.
Read more »
Bargain hunter scores 700-year-old medieval times documentInstead of a kitchen appliance, Will Sideri stumbled upon a framed document hanging on a wall.
Read more »