Mitsubishi says chip shortage could continue to hit Mexican production in first half: report

0
24

Hampered by chip shortages, auto production in Mexico fell 2% in 2021 from a year earlier, the fourth consecutive annual decline.



to expand See the pictures

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.

See also  Vedanta to set up $10 billion fund to bid for BPCL stake and other assets

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.

5hlcns3k

The global shortage of semiconductors prompted Mexico and other North American manufacturing hubs to implement phased shutdowns, which slowed production.

See also  Oil rises on supply jitters as EU plans to ban Russian oil

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.

See also  2022 Mercedes-Benz C-Class Launched in India: Price Predictions

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.

comments

(follow The US Express News on Social Platforms.)

For the latest car news and reviews, follow TUSEN.com on TwitterFacebook and subscribe to our YouTube channel.

.

LEAVE A REPLY

Please enter your comment!
Please enter your name here