The Japanese auto industry is losing a third of its production due to the chip shortage

Analysts at Mitsubishi UFJ Morgan Stanley Securities, a financial consultancy, said that carmakers may lose about a third of their car production, estimated at 1.5 million cars, due to the shortage of chips. Electronic used in the automotive industry globally.

Analysts expect Honda Motor to be the hardest hit, losing about 300,000 cars from its production this year, while the impact of the crisis on Toyota, Japan's largest car producer, will be relatively slight.

And Bloomberg News reported today, Wednesday, that the world's automakers are facing the repercussions of the second wave of the emerging corona virus pandemic, which disrupted component supply chains for several months last year.

Bloomberg added that the difference in the impact of the chip crisis on Japanese companies is due to the different percentage of dependence of each company on the supply of chips coming from abroad. While Honda relies heavily on importing chips from abroad, Toyota relies more on local producers and suppliers.

On the other hand, the German Volkswagen Group, the largest car producer in Europe, lost tens of thousands of production of its cars in China due to the shortage of electronic chips used in the automotive industry worldwide.

Stefan Voilenstein, head of the group's branch in China, said that the chip shortage crisis mainly affects the models that use the electronic stability program and sensor systems that work with the anti-lock braking system, in addition to affecting some other components that the German official did not specify.

Last Thursday, Volkswagen announced a reduction in the number of working hours at the company's factory in Imden, Germany, as of Monday due to the lack of electronic chips, and it is expected that the procedure for reducing office hours will continue for a period of two weeks until the end of this January. 9000 workers.

The company, Audi, a subsidiary of the Volkswagen Group, decided to reduce the working hours at its two factories in Ingolstadt and Nicarzolm, Germany, due to the lack of chips for electronic control systems.

 

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