European auto production now likely to drop in 2022, key forecaster says

Peugeot 2008 Vigo Spain — Peugeot 2008 production at parent Stellantis' factory in Vigo, Spain. Unions said on Friday that shifts were being cut at the factory because of the semiconductor shortage, Reuters reported. (Victor Cameselle)

September 17, 2022 12:44 PM

PARIS -- Global automotive production appears to be gaining momentum, according to a new forecast from S&P Global Mobility -- but the analyst company has downgraded its outlook for Europe as semiconductor shortages continue and slowing demand looms as an issue.

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