Feb 2022

2020 Production Cuts Anticipated

AutoForecast Solutions, which closely monitors the impact of the chip shortage on production, said about 230,700 vehicles have been cut at plants worldwide this year, up about 23% from a week earlier. It reported a 25% week-over-week jump in its previous estimate.

Signs indicate the shortage will persist in the coming months, even as more microchip production comes on line.