Microchip shortage forces more car production cuts in 2023

Automakers are already beginning to alter production plans for 2023 because of the microchip shortage as the industry braces

for millions more lost vehicles next year.

The automotive industry can expect to lose between 2 million and 3 million units of planned production in 2023, on top of the

10.5 million lost in 2021 and 3.6 million lost so far this year.