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

Semiconductor Crisis Compel Nissan, Suzuki, Mitsubishi To Cut June Production: Reuters
  • Nissan Motor Co Ltd NSANY and Suzuki Motor Corp SZKMY will briefly stop production at some plants in June due to the semiconductor chip crisis, joining the likes of General Motors Co GM and Ford Motor Co FReuters 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 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.
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