AFS: Last week, the global production of 23,000 vehicles was reduced due to lack of cores, and the rate of production reduction has slowed down again

According to foreign media reports, according to the latest data from the auto industry data forecasting company AutoForecast Solutions (hereinafter referred to as AFS), as of July 31, due to the shortage of chips, the global auto market has reduced production by about 2.8102 million vehicles this year. AFS forecasts that by the end of this year, global automakers will cut 3.6806 million vehicles due to core shortages.

The pace of global auto production cuts caused by chip shortages continued to slow last week as automakers and parts suppliers believed the chip crisis was easing. Last week, global automakers cut production by 23,000 vehicles due to chip shortages, one of the smallest weeks in recent months. Among them, production in Europe was reduced by about 10,100 vehicles; production in North America was reduced by about 6,500 vehicles; and production in the rest of Asia was reduced by about 6,300 vehicles.

Ford Motor, Magna International and others reported quarterly results last week that expected semiconductor shortages to ease further later this year. In addition, GM told investors that it has about 95,000 vehicles in its inventory that are missing parts, and that the company expects to assemble and deliver those vehicles to dealers in the coming months. And Ford Chief Financial Officer John Lawler said Ford had about 18,000 vehicles in stock lacking chips or related parts in the second quarter, down from 53,000 in the first quarter, suggesting the semiconductor shortage may be easing.

A bill passed by the U.S. Senate last week to provide $52 billion to stimulate U.S. semiconductor production should help ease semiconductor shortages in North America over time, said Sam Fiorani, vice president of global automotive forecasting at AFS.

Source: Shanghai KINMACHI New Material Technology organized from the Internet

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