Lack of chips could hamper production of 7.1 million vehicles

Global vehicle production is expected to be affected by semiconductor shortages by 2022 | Photo: Volkswagen do Brasil Communication / Volkswagen do Brasil Communication

Report by consulting firm IHS Markit points out that the global semiconductor shortage, which started with the imbalance between supply and demand for components during the Covid-19 pandemic, could reduce the output of automakers up to 7.1 million vehicles in 2021. The prospect is that the lack of parts will hurt the auto industry until next year, with a recovery only in the second half of 2022. The information is pulled from the newspaper O Globo.

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