Chip shortage could impact nearly 1 million vehicles of production in Q1 -IHS

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A car body is moved in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer

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WASHINGTON, Feb 16 (Reuters) - A shortage of auto semiconductor chips could impact nearly 1 million units of global light vehicle production in the first quarter, data firm IHS Markit said on Tuesday, significantly upping a prior forecast.

The firm on Feb. 3 estimated the issue would impact 672,000 vehicles through March 30. IHS Markit said it still expects the majority of volume can be recovered in the remainder of 2021.

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Reporting by David Shepardson Editing by Chris Reese

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