Hampered by chip shortages, auto production in Mexico fell 2% in 2021 from a year earlier, the fourth consecutive annual decline.
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The drop was particularly steep in the second half of the year, with a drop of 16.51% in December alone.
Auto production in Mexico could be slowed in the first half of 2022 due to a shortage of semiconductors and aftershocks from COVID-19, the head of Japan’s Mitsubishi Motors Corp said on Wednesday.
The global shortage of semiconductors prompted Mexico and other North American manufacturing hubs to implement phased shutdowns, which slowed production.
“I think we will still (see) have an impact for at least the first six months of this year,” Mitsubishi Motors de Mexico President and CEO Jorge Vallejo said in an interview with Mexican business newspaper El. Financiero.
Hampered by chip shortages, auto production in Mexico fell 2% in 2021 from a year earlier, the fourth consecutive annual decline.
The global shortage of semiconductors prompted Mexico and other North American manufacturing hubs to implement phased shutdowns, which slowed production.
The decline was particularly steep in the second half of the year, dropping 16.51% in December alone, according to official data.
Vallejo said Mitsubishi will fare better than its competitors in semiconductors over the next few months due to strong demand in Mexico and large shipments from the Japanese parent company.
In previous interviews, Vallejo said Mitsubishi anticipated shortages before the COVID-19 pandemic hit Mexico in 2020 and began stockpiling supplies.
The Mexican Automotive Industry Association (AMIA) said in December that auto production in Mexico may not reach pre-pandemic levels until late 2023 or 2024.
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