Chip shortage could impact 1 million vehicles in Q1 production

A shortage of auto semiconductor chips could impact nearly one million units of global light vehicle production in the first quarter, data firm IHS Markit said on Tuesday, significantly upping a prior forecast.

On February 3 the company estimated the issue would impact 672,000 vehicles through to  March 30. IHS Markit said it still expects the majority of volume can be recovered in the remainder of 2021.