I'm in the automotive industry. It's definitely not fake. As demand for electronics was surging early in COVID (everyone needs a webcam NOW), the car companies idled their plants due to stay-at-home regulations, and they pulled chip orders from suppliers in the interest of minimizing inventory. Unfortunately, the lead times were always long, and after the chip makers filled the automakers' slots in the schedule with other orders, the deal was done. Now you have a classic supply chain bullwhip effect.
TSMC, Renesas, and others are saying they can hit automotive requirements in Q4, although they haven't said they can dig out of the past hole yet.
Recently, though, we are seeing COIVD-related shutdown of the electronics module suppliers in Malaysia and elsewhere in SE Asia (COVID spikes in the region have come later than rest-of-world, and are driving shutdowns for the apparel industry and others). These are the folks who package the ICs into modules. Seems like this is the main driver of the more recent announcements of shutdowns by car companies.
Car dealers and suppliers are in survival mode and are getting aggressive about clawing back some revenue. New car inventories are at unprecedented lows. The situation is not good for anyone.