MICROCHIP SHORTAGE
Coverage of the chip shortage in the auto industry.
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Auto plants in Europe and North America auto plants just cut another 104,000 vehicles out of their production plans because of chip shortages.
The Fort Wayne Assembly Plant produces the Chevrolet Silverado 1500 and GMC Sierra 1500.
Supply chain issues, record-high vehicle prices and remote work environments made vehicle problems surge to a record high this year, up 11 percent from a year earlier, according to J.D. Power's 2022 U.S. Initial Quality Study. GM was an outlier, with a broad increase in quality across its four brands.
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Hopes that the microchip shortage was easing off are proving premature. In the past 60 days, AFS has increased its forecast for lost 2022 production by 800,000 vehicles.
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