John Irwin

Automakers cut about 41,700 more vehicles from their production plans last week because of the microchip shortage, according to the latest estimate by AutoForecast Solutions.

Suppliers, already juggling higher costs and choppy vehicle assembly schedules, need more insight into automakers' long-term electrification plans so they can create efficient strategies of their own, according to the annual study.

About 1.23 million vehicles have been axed worldwide so far this year because of the microchip shortage.

A new manufacturing process developed by supplier giant Magna International and the Department of Energy's Pacific Northwest National Laboratory could soon make it so new aluminum parts can be made without having to use any new aluminum.

Tens of thousands of vehicles continue to be cut each week because of the semiconductor shortage, even as microchip capacity improves.

Assembly plant output is improving as microchip supply rebounds and automakers learn how to better manage the semiconductor shortage.

Inflationary pressures took a bite out of Magna's first-quarter earnings, but the company said there were signs of improvement for later in the year.

General Motors assembly plants in North America have been hit harder by the microchip shortage this year than any others, according to a new estimate by AutoForecast Solutions.

Elevated supplier debt levels and inflationary pressures could soon lead to more bankruptcies and accelerate consolidation in the supply base, a new study found.

More than 90,000 vehicles were cut from production plans in Asia, North America and Europe last week.

The British chemicals company, which recently entered the automotive market with its BMW-powered Grenadier SUV, will lean on the Canadian supplier for its engineering and manufacturing expertise.

Almost 1 million vehicles have been removed from automakers' production plans so far this year, according to the latest estimate by AutoForecast Solutions.

For the first time in weeks, assembly plants in China led the way in weekly production losses because of the microchip shortage.

Magna is scouting locations for a contract assembly plant in the United States. But first, it needs to find enough interest from customers.

Automakers cut 56,700 vehicles from their global production plans last week because of the microchip shortage, all in North America and Europe.