Semiconductor Crisis Compel Nissan, Suzuki, Mitsubishi To Cut June Production: Reuters

Nissan Motor Co Ltd (OTC: NSANY) and Suzuki Motor Corp (OTC: SZKMY) will briefly stop production at some plants in June due to the semiconductor chip crisis, joining the likes of General Motors Co (NYSE: GM) and Ford Motor Co (NYSE: F), Reuters reports.
Nissan Motor will halt production at its factory in Kyushu, southern Japan, between June 24 – 28. It will also make production adjustments during the month at its Tochigi and Oppama plants in Japan.
Nissan will also briefly stop producing some of its models at its Mexico plant.
Suzuki Motor will stop production at three plants in the Shizuoka area from three to nine days based on an unconfirmed plan.
Mitsubishi Motors Corp (OTC: MMTOF) will cut production by 30,000 vehicles in June at five plants in Japan, Thailand, and Indonesia.
The U.S. Commerce Secretary refused preferential treatment to the struggling auto sector. It is estimated to take a revenue hit of $110 billion in 2021.