Chip shortage could impact nearly 1 million vehicles of production in first quarter: IHS



© Reuters. FILE PHOTO: A car body is moved in a production line at the Volkswagen plant in Wolfsburg

WASHINGTON (Reuters) – A shortage of auto semiconductor chips could impact nearly 1 million units of global light vehicle production in the first quarter, data firm IHS Markit said on Tuesday, significantly upping a prior forecast.

The firm on Feb. 3 estimated the issue would impact 672,000 vehicles through March 30. IHS Markit said it still expects the majority of volume can be recovered in the remainder of 2021.

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