China's state-run Global Times quoting a top official of the machinery industry federation reported that the country's car production would be down by 2 million units due to the shortage of chips.

Car production in China set to decline by 2 million due to chip shortage: Report

Automaker General Motors in the United States has said that 'the global semi-conductor shortage - it could hit up to $2 Billion from its current year's profit.

World Business Watch: Chip shortage could hit profit of United States' General Motors

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Car production in China set to decline by 2 million due to chip shortage: Report

World Business Watch: Chip shortage could hit profit of United States' General Motors