Auto Manufacturers Cut Production Schedule

By Staff Writer July 22, 2022 213

Automakers cut over 100,000 vehicles from North American production schedules because of the global microchip shortage last week, according to estimates from AutoForecast Solutions.

Japan is the only other country that lost production last week, losing 7,300 vehicles.

“Along with much of the industry ... Toyota and Stellantis are still looking for ways to handle this crisis,” said Sam Fiorani, AFS vice president of global vehicle forecasting. “Stellantis continues to show its losses in the past and has not properly anticipated how it will be affected going forward; but more losses will be reported in the second half of 2022.”

Toyota has acknowledged its issues and removed a considerable portion of its production volume in July, with more expected to follow.

Even with the production losses, Bosch has announced plans to invest over $3 billion in semiconductor production and other chipmaking activities, according to AFS.

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Last modified on Tuesday, 26 July 2022 11:37