Mitsubishi Motors said it plans to cut production at five plants across Asia in June due to the ongoing global shortage of semiconductors, according to local reports.
The Japanese automaker said it will reduce output by 30,000 vehicles next month, split between plants in Japan, Thailand and Indonesia. A company spokesperson said the cuts have already been factored into its earnings forecasts for the current fiscal year
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Mitsubishi joins a growing number of Japanese automakers which have announced production cuts in the second quarter, including industry leader Toyota Motor which last week announced the temporary closure of three production lines in Japan for two days next month after cutting output in the previous two months.
Nissan Motor and Suzuki Motor were also said to be planning to cut production in Japan in June. According to local sources, Nissan would shut down its Kyushu plant for three days in the last week of June and will also make adjustments at its Tochigi and Oppama plants during the month.
Suzuki Motor was also reported to be considering halting operations at its three plants in Shizuoka prefecture for between three and nine days next month due to chip shortages.
Mazda Motor last week said it expected to cut global output by 100,000 vehicles in the current fiscal year, equivalent to 8% of last year’s output, due to the shortages.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
