Czech car sector to make 250,000 fewer vehicles this year due to chip shortage By Reuters

© Reuters. FILE PHOTO: Automobiles are parked within the courtyard of Skoda Auto’s manufacturing facility in Mlada Boleslav, Czech Republic, as the corporate restarts manufacturing after shutting downdue to the coronavirus pandemic (COVID-19) . Image taken in Mlada Boleslav, Czech Republic, Apr

PRAGUE (Reuters) – Czech automotive makers will produce quarter 1,000,000 fewer vehicles than anticipated this 12 months because of the international scarcity of chips and the automotive sector will lose 200 billion crowns ($9.14 billion) in gross sales, the Auto Business Affiliation (AutoSAP) mentioned on Sunday.

AutoSAP mentioned home passenger automotive manufacturing dropped by 53.1% in September year-on-year, to 56,157 vehicles.

It mentioned the chip scarcity affect would exceed that of pandemic shutdowns final 12 months, and known as on the federal government to activate an help programme created amid the coronavirus pandemic final 12 months to compensate companies for wages of idled employees.

AutoSAP mentioned manufacturing rose 2.9% year–on-year cumulatively within the January-September interval to 831,653 vehicles.

“Already since August, manufacturing has been considerably affected by output curbs and the September statistic confirms the unfavourable development,” AutoSAP mentioned.

The nation’s greatest producer, Volkswagen (DE:) ‘s Skoda Auto, has mentioned it might considerably restrict or shut manufacturing at its Czech vegetation from subsequent week, presumably till the top of the 12 months.

The automotive sector is the spine of the extremely industrialised Czech economic system, using 180,000 employees, and makes up 1 / 4 of business output.

SAP mentioned 120 billion crowns in income could be misplaced at automotive makers and an additional 80 billion at elements suppliers. The 200 billion crowns in income equals to about 3.3% of the nation’s anticipated nominal gross home product this 12 months.

The opposite automotive makers with meeting vegetation within the Czech Republic are Hyundai — which has been the least affected by the chip scarcity — and Toyota .

($1 = 21.8710 Czech crowns)

(This story corrects to take away ‘maintain’ from headline)

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