
European and North American automakers cut around 25,000 additional vehicles from their production schedules last week.
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The shortage of traditional wire harnesses could accelerate automaker plans to move to lighter, machine-made harnesses used in EVs.
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BMW will gradually resume production at its Munich and Dingolfing plants next week after suspending production over supply chain shortages.
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Though forecasts predict the global semiconductor shortage may not right itself until 2023, vehicle manufacturers express hope for improvement in Quarter 4.
Read More →The vehicle information site said a 1 percent uptick in auction sales volume last year could signal the end of the used-vehicle shortage.
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