The latest numbers on the automotive microchip shortage

Automakers around the world are catching a break from the global shortage in microchips this week, with factories trimming only about 31,000 vehicles from their schedules, according to the latest forecast from AutoForecast Solutions.

That is one of the smallest weekly reductions in global output stemming from chip shortages in several months.

European auto plants, which have been taking a hit on production so far this year, expect no schedule reductions this week, according to AFS.

The industry has been working to correct the problem through various means, including assembly workarounds and the push for increased chip capacity. Last week, SkyWater Technology Inc. of Minnesota said it will invest $1.8 billion to construct a new chip production plant in West Lafayette, Ind. And this month, Bosch announced it will spend $3 billion on new chip capacity and research facilities in Europe.

Doug Del Grosso, CEO of seating supplier Aient, told

Scout CEO Scott Keogh headed to uncharted territory

For Keogh, who became CEO of VW of America in November 2018 and was handed a challenging mandate to double the VW Group’s collective US market share to 10 percent by 2028, the appeal of effectively building a startup from scratch without the normal investor and sourcing woes was, to say the least, appealing.

“For me, a kid from Long Island, it was, frankly, just too good to pass up. It’s something I very much want to do, it’s something I’m passionate about, and certainly something I’m going to try my darnedest to achieve,” Keogh told reporters in a brief conference call.

“Most startups are borrowing money; you’re down in Dad’s basement, Mom’s bringing down some scrambled eggs, and you do the best you can,” the two-time Automotive News All-Star said. “I think the upside is yes, we want them to be lean, we want to be fast, we want

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