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” Research firm IHS Markit increased its quote for lost production globally on Wednesday.U.S. GM said in February that, consisting of the chip hit, it expected to earn $4.50 to $5.25 a share this year.HYUNDAI MOTOR TO SUSPEND PRODUCTION IN SOUTH KOREA DUE TO CHIP SHORTAGE: REPORTThe chip lack came as North American vehicle plants were shut for two months during the COVID-19 pandemic last year and chip orders were canceled, and as demand surged from the customer electronic devices industry as people worked from home and played video games. It is idling its Oakville plant in Canada for three weeks, starting April 12.