The Latest Numbers on the Microchip Shortage
The latest number of chip related factory cuts continue to rise according to AutoForecast Solutions; AFS estimates that more than 167,000 vehicles will be removed from factory plans this week. Asian locations outside of China suffering the heaviest hit, cutting nearly 434,000.
China Auto Plants have had 107,000 reductions to date. This number could be lower than normal vehicle output at the moment due to China struggling to shut down factories and other activities in major cities to fight a COVID-19 resurgence.