Automakers from General Motors to Japan’s Toyota have slashed output and sales forecasts due to scarce chip supplies, made worse by a COVID-19 resurgence in key Asian semiconductor production hubs.
Massaro said the company had initially estimated the pandemic impact from Southeast Asia could cost the industry about 1.5 million units in the third quarter but now expects the number to be between 2 million and 3 million.
Aptiv, which makes advanced driver assistance systems and vehicle computers, counts Stellantis NV, Volkswagen AG and General Motors among its customers.
Aptiv ranks No. 19 on the Automotive News list of the top 100 global suppliers with worldwide sales to automakers estimated at $11.5 billion in 2020.
