
Port congestion in China, closures in Ukraine, and ongoing supply chain issues will not slow output, reported Milan Nedeljkovic, production chief for BMW AG.
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Auto manufacturing facilities in North America and Europe continue to lose production time over the lingering global microchip shortage, now well into its second year.
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The Ukraine War will lower global light-duty vehicle production through next year by millions of units, predicts the automotive research firm.
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Total losses add up to $300 million, with a $155 million hit to automakers and $145 million in lost direct wages.
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Production cuts because of a shortage of microchips slow.
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Taiwan is at work to address the global shortage of semiconductors, reported Economy Minister Wang Mei-hua after meeting with the newly appointed de facto U.S. ambassador in Taipei.
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