IHS Markit, whose production projections are cited by automakers, suppliers and research analysts the world over, just took its biggest chop yet to estimates that have been falling all year due to the global chip shortage. IHS Markit slashed its production forecast for this year by 6.2 percent -- or 5.02 million vehicles -- and lowered its projection for next year by 9.3 percent, or 8.45 … [Read more...]