Automaker Production Schedules Continue Freefall Due to Chip Shortage

The number of vehicles canceled from automaker production schedules worldwide due to the shortage now exceeds 2 million, according to AutoForecast Solutions.

Microchip Supply Shortage Continues to Hamper Vehicle Production

The ongoing microchip supply shortage has caused automakers to trim 87,500 more vehicles from their production forecasts, reports AutoForecast Solutions.

IHS Markit Predicts Production Highs in 2024

IHS Markit forecasts lows in light-vehicle sales and production will give way to increases ahead.

Toyota's Global Auto Output Drops For First Time in Year on U.S., Europe