Semiconductor shortages and the delayed packaging and testing of the chips will cause the production of global light vehicles to drop by five million this year, data firm IHS Markit said on Thursday, marking the biggest cut to its outlook in nine months, Report informs, referring to foreign media.
IHS said it was cutting its light vehicle production forecast by 6.2% for 2021 and 9.3% for 2022, at 75.8 million units and 82.6 million units, respectively.