Nissan cuts planned output in October and November by 30%

TOKYO (Reuters) – Nissan (OTC:) is slashing its deliberate international manufacturing for October and November by 30%, because it struggles with a scarcity of semiconductors brought on by the COVID-19 pandemic, the enterprise each day reported.

The Japanese carmaker has knowledgeable suppliers that it’ll construct a complete of 583,000 vehicles throughout the two-month interval, the Nikkei mentioned, with out saying the place it obtained the knowledge.

“We acknowledge that the semiconductor provide scarcity remains to be in a troublesome state of affairs,” a spokesperson from Nissan mentioned, though she declined to touch upon the discount reported by the newspaper. The corporate will give an replace when it launch its newest earnings outcomes subsequent month, she added.

Like different carmakers, Nissan has been compelled to curtail manufacturing regardless of a rebound in demand in key auto markets, together with China and the US. The pandemic has each squeezed output at element suppliers and stoked demand for digital units that has intensified competitors for chips.

Toyota Motor (NYSE:) Corp, the world’s largest automobile producer, this month introduced a 15% minimize in November output, following diminished international manufacturing in September and October, because of a slowdown at element crops in Malaysia and Vietnam.