Automakers held again on additional manufacturing schedule cuts final week of their ongoing adjustment to world microchip shortages.
AutoForecast Options mentioned that as of midweek final week, the Thanksgiving break left schedules unchanged from every week earlier.
“It’s very onerous to be optimistic about any of this,” mentioned Sam Fiorani, vice chairman for world automobile forecasting at AFS. “However in the mean time, we’ve seen a slowing within the degree of recent manufacturing unit manufacturing cuts.
“Producers’ efforts to establish new chip sources … their strikes to give attention to their hottest fashions, and their success in constructing automobiles with out a number of the digital options that require chips — it’s all having a constructive impact,” he mentioned.
However Fiorani predicted extra cuts are probably into the primary weeks of 2022.
Supply: AutoForecast Options Inc. autoforecastsolutions.com
