NISSAN SET TO PRODUCE LESS THAN 500,000 CARS BY 2021 DUE TO LACK OF CHIPS.

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Japanese automotive maker Nissan is planning to make half 1,000,000 fewer automobiles in 2021 as the worldwide chip scarcity continues to wreak havoc on the automotive business.

Nissan Chief Government Makoto Uchida instructed CNBC’s “Squawk Field Europe” on Thursday that the corporate can be grappling with a surge in raw materials costs.
Right now automobiles depend on laptop chips for every little thing from the administration of engines to driver help methods.

Other car companies like Ford, Volkswagen and Stellantis have additionally warned that their manufacturing traces might see additional hits because of the semiconductor disaster.

Britain’s Jaguar Land Rover mentioned last month that it was stopping automotive manufacturing for a “restricted interval” at its Citadel Bromwich and Halewood manufacturing plants in England because of the chip scarcity.

It got here simply two months after the corporate introduced it was going to chop 2,000 non-factory jobs.

Elsewhere, Mercedes-maker Daimler mentioned last month that it was slicing the hours of as much as 18,500 staff and pausing manufacturing at two plants in Germany for at the very least every week.

Analysts predict that the worldwide chip scarcity will final properly into 2022, and presumably even into 2023.

1 COMMENT

  1. Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say superb blog!

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