Shortage Of Auto Chips To Impact Global Auto Production Into Third Quarter, Says IHS: Report

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  • It warned that the disruption could extend into the third quarter
  • Ford Motor Co, Toyota Motor Corp, Fiat Chrysler Automobiles and Nissan Motor Co had cut output due to the shortage

As per a report by Reuters, a shortage of auto chips could impact 672,000 units of global light vehicle production in the first quarter, data firm IHS Markit said. It warned that the disruption could extend into the third quarter.

Ford Motor Co, Toyota Motor Corp, Fiat Chrysler Automobiles and Nissan Motor Co had cut output due to the shortage. Volkswagen has said the supply constraints would impact production at some of its plants in February.

China will be the most hit in the first quarter at nearly 250,000 units

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The report added that Phil Amsrud, senior principal analyst-ADAS, Semiconductors and Components, IHS Markit said that because the cause of these constraints is the result of increasing demand from OEMs and limited supply of semiconductors, it will not be resolved until both forces are aligned. China will be the most hit in the first quarter at nearly 250,000 units, as per IHS.

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