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Auto chip shortage hit car makers, could reduce some companies’ output by 5% in Q1, said analyst

Carmakers around the world have been hit in recent weeks by a worsening global semiconductor shortage that’s led to production cuts and staff layoffs.

GAC Toyota Motor Co., a joint-venture between China's GAC Group and Japanese automaker Toyota, said earlier this month that, due to a shortage of auto chips, operations of some production lines were suspended at one point although the production had already resumed.

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