HomeBusinessMitsubishi says chip shortage may continue to hit Mexican output in H:...

Mitsubishi says chip shortage may continue to hit Mexican output in H: Report

MEXICO CITY: Auto manufacturing in Mexico might be gradual via the primary half of 2022 due to a semiconductor shortage and COVID-19 aftershocks, the nation head of Japan’s Mitsubishi Motors Corp was quoted as saying on Wednesday (Jan 19).

The world semiconductor shortage has prompted Mexico and different North American manufacturing hubs to implement rolling shutdowns, slowing manufacturing.

“I think we’ll still (see) an impact for at least the first six months of this year,” Mitsubishi Motors de Mexico President and Chief Executive Officer Jorge Vallejo mentioned in an interview with Mexican enterprise newspaper El Financiero.

Held again by the chip shortages, auto output in Mexico fell by 2 per cent in 2021 from the earlier 12 months, the fourth consecutive annual decline.

The lower was notably steep in the second half of the 12 months, falling 16.51 per cent in December alone, official information present.

Vallejo mentioned Mitsubishi would fare higher than rivals on semiconductors over the following few months due to excessive demand in Mexico and enormous shipments from the Japanese father or mother firm.

In earlier interviews, Vallejo had mentioned Mitsubishi anticipated shortages earlier than the COVID-19 pandemic hit Mexico in 2020 and commenced to stockpile provides.

The Mexican Automotive Industry Association (AMIA) mentioned in December auto manufacturing in Mexico may not attain pre-pandemic ranges till late 2023 or 2024.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular