Chip crunch to impact global auto production into third quarter, says IHS

<p style="text-align: center;"><img title="1612421427106736.jpg" alt="7.jpg" src="/ueditor/php/upload/image/20210204/1612421427106736.jpg"/></p><p>A shortage of auto chips could impact 672,000 units of global light vehicle production in the first quarter, data firm&nbsp;IHS&nbsp;Markit said on Wednesday, warning that the disruption could extend into the third quarter.<br/><br/>Ford Motor Co, Toyota Motor Corp, Fiat Chrysler Automobiles and&nbsp;Nissan Motor Co&nbsp;had cut output due to the shortage, while Volkswagen has said the supply constraints would impact production at some of its plants in February.<br/><br/>&quot;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,&quot; said Phil Amsrud, senior principal analyst-ADAS, Semiconductors and Components,&nbsp;IHS Markit.</p><p><br/></p><p>China will be the most hit in the first quarter at nearly 250,000 units, according to IHS.<br/><br/>AutoForecast Solutions, which tracks industry production plans, on Tuesday forecast production volume impact of 964,000 vehicles in 2021 due to semiconductor shortage.<br/><br/>Meanwhile, a group of 15 U.S. senators on Tuesday urged the&nbsp;White House&nbsp;to work with&nbsp;Congress&nbsp;to address the global semiconductor shortage.</p>