Chip shortage likely to impact nearly 1M vehicle production during Q1: IHS Markit

In a significant development, data firm IHS Markit stated, the shortage of chips in the auto semiconductor sector is likely to impact around 1 million units of global light vehicle production during the first quarter. The announcement sees a major jump from its previous forecast. On February 3, in a report HIS Markit had stated,…

Auto parts industry evolves with the coming of age of self-driving cars

Auto parts suppliers are set to play a key role in smart cars. Here’s how… Although the instrument panel on your gas guzzling new car sports sleek digital gauges with multicolored screens, a peek behind the electronics that keep everything together reveals a rat’s nest of components crammed together to get everything going. Auto suppliers,…