The global chip shortage has worsened for key automakers. Toyota this week announced it will drastically reduce global production. Ford will temporarily shut its Kansas City plant that builds the F-150. Visual Capitalist recently published this infographic to illustrate the impact of the chip shortage on U.S.-based automakers. When the graphic was published, more than 1.1 million vehicles were estimated to face production delays — with Ford, Stellantis, and GM combining for 855,000. Japanese automakers Honda, Nissan, and Toyota (prior to this week’s news) were estimated to take a collective hit of approximately 108,500 delayed models, while companies like Hyundai and Volvo had fewer than 3,000 vehicles impacted. Where each automaker sources and installs its chips is a key reason for the discrepancy. 8/19/2021
Chip Shortage Worsens for Automakers
08/20/2021