European auto plants took a fresh hit from the global semiconductor shortage and will cut nearly 91,000 vehicles out their production schedules for this week as a result.
The worldwide impact of the chip shortage continues to inconvenience the auto industry, according to the newest forecast from AutoForecast Solutions, which has tracked the crisis since it materialized in early 2021.
Recent weeks of regional flare-ups of the problem have taken a toll on the global total so far this year. One week ago, AFS tallied another 147,000 chip-related factory cutbacks, much of them in North America.
But with chip supplies and workarounds improving, AFS’ year-end global forecast for lost production has not materially changed. It still estimates that worldwide production cuts due to missing microchips will reach 2.8 million cars and trucks by the end of 2023, more than 900,000 of them occurring at North American factories.