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8 Japan automakers’ global output falls amid chip shortages

  • August 30, 2021
  • , Jiji Press , 5:10 p.m.
  • English Press

Tokyo, Aug. 30 (Jiji Press)–Eight major Japanese automakers’ combined global vehicle production in July fell 2.6 pct from a year before to about 1.95 million units, marking the first decline in six months, amid semiconductor shortages, data from the companies showed Monday.

 

In July, three of the eight makers, including Toyota Motor Corp. <7203>, reported higher overseas production. The impact of the global chip shortages on automakers’ production is expected to grow, however.

 

Honda Motor Co.’s <7267> overseas production plunged 23.5 pct after it made production adjustments in the United States due to the chip shortages and halted plant operations in Malaysia amid the renewed spread of the new coronavirus.

 

Production fell 20.7 pct at Mazda Motor Corp. <7261>, reflecting drops in production in China and Thailand.

 

The automakers are expected to be affected by the chip shortages and the resurgence of the new coronavirus in Southeast Asia for an extended period.

 

Toyota’s global production rose 11.9 pct in July, but it plans to reduce output by some 40 pct from its initial plan in September.

 

The eight makers’ domestic production rose 2.2 pct to 680,000 units in July following a low level of output in the same month last year due to the virus crisis. The pace of recovery in production was sluggish, however.

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