New shortages in microchip supplies have caused a spate of additional cutbacks in North American vehicle production, according to the latest weekly report by AutoForecast Solutions.
The past two weeks of moderating production cuts were reversed as North American plants added another 78,000 vehicles to their running tally of chip-related schedule reductions.
AFS now reports that global automakers have announced production cuts of 5.16 million vehicles from their production schedules and could lose a total 6.3 million because of the crisis.
