Search result for CHIP SHORTAGE
INDUSTRIAL OUTPUT OF JAPAN RISES 2.5 PERCENT IN APRIL
Highlights –
- Industrial output of Japan rises 2.5 percent in April.
- The index of production at factories and mines exceeded the pre-pandemic level.
- Output in the electrical machinery, information, and communication electronics equipme...
TOYOTA MOTOR’S GLOBAL OUTPUT DOUBLED IN APRIL
Highlights –
- Toyota Motor’s global output doubled in April.
- Global sales doubled to 859,448 units.
- Sales in Japan itself including mini vehicles, rose 27.1 percent from a year earlier to 124,017 units.
- Overseas output...
TOYOTA MOTOR TO HOLD OFF PRODUCTION LINES OVER CHIP SHORTAGE
Highlights –
- Toyota Motor to hold off production lines over chip shortage.
- The company plans to halt two of its plants for around 8 days in June.
- The suspension of production will affect around 20,000 vehicles.
- Toyota expec...
CHIP SHORTAGE LIKELY TO HAMPER MAZDA’S GLOBAL PRODUCTION IN FY 2021
Highlights –
- Chip shortage likely to hamper Mazda’s global production in FY 2021.
- Global production of car may be reduced to 100,000 vehicles a year.
- In April, Mazda expects an output cut of 14,000 vehicles.
- The autom...
CHIP SHORTAGE LEADS HYUNDAI & KIA TO SUSPEND FEW ASSEMBLY LINES
Highlights –
- Chip shortage leads Hyundai & KIA to suspend few assembly lines.
- Hyundai Motor said that it will halt the No. 5 Ulsan plant that produces Tuscon and Nexo.
- KIA will suspend the No. 2 Sohari plant that makes Stonic.
XIAOMI CORP. RELEASED ITS FOURTH-QUARTER NET PROFIT TO BE 36.7 PERCENT
Highlights –
- Xiaomi Corp. released its fourth-quarter net profit to be 36.7 percent.
- The mobile company’s adjusted net profit for the quarter rose to $490.84 million.
- The company’s sales rose 24.8% year-on-year to 70.5 bil...
JAPANESE AUTOMAKER SUBARU CORP.’S CHIP SHORTAGE LEADS TO HALT DOMESTIC PRODUCTION
Highlights –
- Japanese automaker Subaru Corp.’s chip shortage leads to halt domestic production.
- Subaru is said to halt output at its assembly and engine factories in Gunma Prefecture.
- Subaru manufactures about 700,000 vehicles a...