The latest numbers on the microchip shortage: Europe hit hardest

Last week 40,055 vehicles were axed from production plans because of the microchip shortage worldwide as automakers continue grappling with supply chain woes, according to the latest estimate by AutoForecast Solutions.

Most of last week’s cuts were at European assembly plants, where about 29,300 vehicles were removed from factory schedules. There were also losses at plants in North America, Asia outside of China, and the Middle East and Africa, while factories in China and South America had no cuts.

“With every passing week, additional capacity for automotive chips comes online, but digging out from the hole that was created almost three years ago takes time,” Sam Fiorani, AutoForecast Solutions vice president of global vehicle forecasting, said in an email.