Feb 2023
Microchip Shortage: More Cuts
An additional 11,500 vehicles have been chopped out of global vehicle production plans because of factory microchip shortages, according to the latest estimate by AutoForecast Solutions.
All of those cuts are at North American factories, bringing the year-to-date losses in the region to 55,300 vehicles. No additional scheduled reductions were made outside North America.
Ford’s assembly plant in Oakville, Ontario, has reduced output because of microchip shortages more than any other North American plant this year, with about 13,700 vehicles cut. The Ford Edge and Lincoln Nautilus crossovers are assembled there.
Projections for loss by region are as follows:
- North America YTD – 55,300 (2022 Projected – 923,400)
- Europe YTD – 42,300 (2022 Projected – 812,400)
- Rest of Asia YTD – 184,300 (2022 Projected – 721,600)
- South America YTD – 16,400 (2022 Projected – 138,100)
- China YTD – 16,200 (2022 Projected – 190,600)
- Middle East/Africa YTD – 1,500 (2022 Projected – 21,900)
- Total YTD – 316,100 (2022 Projected – 2,808,000)