Automakers removed 27,240 vehicles from their global production schedules last week because of the unrelenting shortage of microchips, according to the latest estimate by AutoForecast Solutions.
Each region of the world made new factory cuts last week, with plants in Asia outside of China leading the way by trimming 11,672 vehicles. Meanwhile, companies axed 8,510 vehicles at North American assembly plants.
Since the beginning of this year, automakers have eliminated plans to build 1.2 million vehicles. About 16.2 million vehicles have been cut since AutoForecast Solutions began tracking the impact of the semiconductor shortage in 2021.
“The hope remains that these losses will be minor by 2024,” said Sam Fiorani, AutoForecast Solutions’ vice president of global vehicle forecasting, in an email.