Semiconductor Shortage Halting Car Production across North America

 

• Across North America, automakers are being forced to adjust production schedules due to the scarcity of microchips.
• General Motors, Ford, Stellantis, Toyota, Volkswagen, Honda, Nissan, and Subaru have all adjusted production at some of their North American plants to properly allocate the chips.
• It is projected that globally, the shortage will cost the industry $61 billion, and through the first quarter of this year, one million fewer vehicles will be produced worldwide.

The first signs of a semiconductor shortage appeared late last year, and now, a month and a half into 2021, the scope of the impacts is coming into view. Plants across North America are seeing production schedules adjusted to properly allocate the limited number of microchips—which are made up of semiconductors—reaching automotive assembly plants. As the New York Times noted recently, a new car or truck can have as many as 100 of the chips on board as essential components in everything from touchscreens to transmissions.

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