Automakers cut 48,421 cars from their global production schedules because of microchip shortages last week, according to an estimate by AutoForecast Solutions. Europe led in factory schedule changes, with about 18,200 vehicles axed. North America lost about 17,000 vehicles, while China cut about 11,700.
Although automakers continue to point to the chip shortage as a cause, output is steadily improving, said Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions.
