Automakers around the world are continuing to trim back vehicle production plans in the face of microchip shortages, and the expected worst-case scenario continues to rise, according to AutoForecast Solutions.
But the pace of production cuts is down sharply for this week, according to Auto-?Forecast’s weekly monitor of factory activity.
AFS estimates that global manufacturers have dropped about 115,000 vehicles out of their assembly schedules in the past week. The previous week, automakers cut 295,000 vehicles.
Assembly lines in North