Ford has said it would halt production at its German plants in Cologne and Saarlouis for several weeks due to a lack of semiconductors.

The two plants make about 2,000 vehicles a day combined during a normal production run.

"We will make up for the lost production as best as we can... We are working to improve the situation as soon as possible," the automaker said in a statement cited by SeekingAlpha.com.

A long list of automakers have seen production disrupted, the report noted, including Jaguar Land Rover, Volvo and Mitsubishi Motors, General Motors and BMW.

AlixPartners has estimated the chip shortage could cost automakers US$61bn in lost sales in 2021.