John Irwin See All Staff Page Recent Stories The latest numbers on the microchip shortage: More cuts in Europe, Asia 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 want more insight into EV plans, Plante Moran study shows 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. The latest numbers on the microchip shortage: More cuts in every region About 1.23 million vehicles have been axed worldwide so far this year because of the microchip shortage. Magna, U.S. Department of Energy develop greener manufacturing process for aluminum parts 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. The latest numbers on the microchip shortage: Europe hit hardest Tens of thousands of vehicles continue to be cut each week because of the semiconductor shortage, even as microchip capacity improves. The latest numbers on the microchip shortage: Cuts continue but output improves Assembly plant output is improving as microchip supply rebounds and automakers learn how to better manage the semiconductor shortage. Magna Q1 net income falls 43%, but 2023 outlook improves 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. The latest numbers on the microchip shortage: GM plants hit hardest 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. Auto supplier debt could drive more bankruptcies, consolidation, Deloitte study finds Elevated supplier debt levels and inflationary pressures could soon lead to more bankruptcies and accelerate consolidation in the supply base, a new study found. The latest numbers on the microchip shortage: New cuts in Asia, N. America More than 90,000 vehicles were cut from production plans in Asia, North America and Europe last week. Ineos taps Magna Steyr to build off-road EV starting in 2026 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. The latest numbers on the microchip shortage: New toll in China Almost 1 million vehicles have been removed from automakers' production plans so far this year, according to the latest estimate by AutoForecast Solutions. The latest numbers on the microchip shortage: China increases cuts For the first time in weeks, assembly plants in China led the way in weekly production losses because of the microchip shortage. EV tax rules lift Magna Steyr's hopes for U.S. production Magna is scouting locations for a contract assembly plant in the United States. But first, it needs to find enough interest from customers. The latest numbers on the microchip shortage: Cuts keep coming for North America, Europe Automakers cut 56,700 vehicles from their global production plans last week because of the microchip shortage, all in North America and Europe. Load More