New cuts in vehicle production schedules due to the global shortage of microchips appeared to abate around the industry last week, although the number of lost units continued to rise, according to the latest report by AutoForecast Solutions, which has been tracking the crisis all year.
AFS raised its estimate for the toll of vehicles that have been cut from worldwide production plans to date to 5.8 million. It now forecasts that as many as 7.1 million vehicles eventually could be eliminated because of the supply problem.
