Over 100K Cars Shut From North American Production This Week Due To Chip Shortage

The ongoing worldwide semiconductor shortage will cause more than 100,000 vehicles to be cut from North American production schedules this week, Automotive News reported Sunday. Over 180,000 vehicles are expected to be dropped globally. CNET reports: The data, which comes from AutoForecast Solutions, says North American factories have been forced to cut nearly 1.06 million vehicles from production schedules this year due to the chip shortage. This puts North America as the most heavily impacted region so far. AFS' data shows nearly 3 million vehicles have been cut so far in 2022, and the agency expects that number to grow to more than 3.8 million by the end of the year. [...] The auto industry may not recover from the chip shortage until 2023 or beyond. Sam Fiorani, vice president of global vehicle forecasting at AFS, affirmed this reasoning earlier this year: "This is not a quickly solvable issue."

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