Japan automakers’ Jan output down 4.5% on chip shortage
Mar 01, 2021 15:00
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Japan’s eight major automakers posted a 4.5% on-year drop in January output at both the domestic and overseas plants to about 2.11 million units, according to the data released by automakers until February 26, and the decline was not about auto demand but the worldwide shortage of semi-conductors, according to market sources.
The January total was also 6.3% lower on month, and some
manufacturers such as Honda Motor and Subaru Motor had felt a bigger impact on
the semi-conductor supply stretch and they were forced to trim their production
plans for both overseas and domestic plants.
Among the January total, production at the eight makers’ Japanese