Steel Markets
November 21, 2021
Chip Update: Shortage Improves for North American Automakers
Written by David Schollaert
The North American auto industry may have turned a corner when it comes to the widespread production outages and assembly delays caused by the shortage of semiconductor chips.
As recently as mid-October, GM, Toyota, Ford, and Honda were still reporting extended widespread outages. The turn has been noticeable in one month’s time. Automakers have managed to withstand extensive parts deficits, resulting in clear improvements, additional shifts and increased production.
