John Irwin

Another 11,500 scheduled vehicles will be eliminated due to the microchip shortage, according to the latest estimate by AutoForecast Solutions.

Even as microchip supply continues to improve, the auto industry remains at least several months away from the semiconductor shortage ending, according to AutoForecast Solutions.

Automakers axed nearly 70,000 vehicles from their global production plans last week as the microchip shortage continues into its third year, according to the latest estimate by U.S.-based AutoForecast Solutions.

Automakers cut no additional vehicles from their 2023 worldwide production plans this week because of the microchip shortage, as they continue to assess how economic conditions will impact vehicle demand.

Amid a rapidly changing automotive landscape, CES provides a broad venue for parts suppliers to lay out their visions of the future.

The deal, expected to close by mid-2023, gives Magna access to Veoneer's suite of camera and radar systems, as well as its driver monitoring technology and domain controllers. Magna will gain about 2,200 engineers, most of which work in key systems, software and sensor development areas.

Automakers expect to cut fewer than 3 million vehicles from their production schedules because of the microchip shortage in 2023, a significant improvement from this year.

EV battery makers will need to learn to manage data in new ways and consider different business models in order to bring new technologies to market faster, executives said.

North American plants were hit hard by the semiconductor shortage, which continues to linger even as automakers eye improvements in 2023.

The estimated number of vehicles axed from automakers’ production plans this year because of the microchip shortage fell slightly last week, according to AutoForecast Solutions.

Automakers and battery suppliers are in search of a holy grail — a battery chemistry for electric vehicles that sharply reduces charging times and greatly increases range while remaining cheap and easy to produce on a mass scale.

Ford and Stellantis are among the automakers that continue to show “production hiccups” that are limiting the number of vehicles they produce, but the situation is stabilizing in China.

Automakers are already beginning to alter 2023 production plans to brace for millions more vehicles lost to microchip shortage.

Autoforecast Solutions added more than 289,000 vehicles to its tally of number of vehicles cut due to the shortage.

The forecast for lost 2022 factory production due to microchip shortages has softened by a small amount.