Chip shortages to cause more than 6% decline in global car production 

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.

Currently, losses in the quarter are running at 3.1 million units and rising, nearly double IHS Markit's previous forecast.
"The outlook for Q4 now reflects heightened risk as challenges to the supply chain – primarily semiconductors – remain entrenched."