The global semiconductor shortage that has impacted products from iPhones to Playstations has further impacted vehicle production. According to the BBC, Toyota, the world’s biggest car marker, has forecast 40% less vehicles to be produced in September, reducing output from 900,000 to 540,000. Last week, Volkswagen also warned that the supply of chips in Q3 may be “volatile and tight” leading to a follow on from their production cuts earlier in the year. Read more here.

Autonews.com are reporting that U.S. Commerce Secretary Gina Raimondo is holding a series of meetings with chip manufacturers to increase transparency on production. This in turn looks to promote a gradual increase in the supply of semiconductors to automotive players. The semiconductor crisis has been well publicized in the automotive world and according to Goldman Sachs, has had a $110 billion impact on the sector. Click here to read more.