LAFAYETTE, Ind. (WLFI) — The Indiana Economic Development Corporation Board of Directors met Friday at Subaru of Indiana Automotive in Lafayette.
Governor Eric Holcomb was on hand to chair the meeting.
SIA Executive Vice President Scott Brand addressed the board ahead of the meeting. He said the plant has the capacity to produce 400,000 vehicles a year but the global semiconductor shortage is cutting into production.
"Everybody is fighting for the available capacity that's out there," Brand told News 18 after the meeting. "There's just not enough and as a result, everyone, everyone, in the automotive industry is having to make adjustments to adapt to the inventory that's out there."
Brand says SIA has cut all overtime and reduced shift schedules as a result.
"A lot of people say, 'If you can't get it from one supplier; if Walmart's out, go over to Target or Meijer and pick it up.' The problem is when you develop the vehicle system, the components are very proprietary ... Because they're so specialized, there are not ready availabilities of alternatives," he says.
Holcomb also met with Indiana's Entreprenuer of the Year, Lafayette's Donte Wilburn. Wilburn addressed the board and described how he grew his company, Premier Auto Detailing.