SUBARU CORP. REDUCES GLOBAL PRODUCTION OVER CHIP SHORTAGE

Highlights –

• Subaru Corp. reduces global production over chip shortage.
• In Q1 2021 the automaker globally produced 61,000 vehicles.
• The car-making company is aiming to sell 1 million vehicles in fiscal 2021.
• Subaru's ne...

TOYOTA PLANS TO PRODUCE 4.6 MILLION CARS GLOBALLY FOR JULY - DEC. PERIOD

Highlights –

• Toyota plans to produce 4.6 million cars globally for July – Dec. period.
• The plan is reported to be a 5% increase in output from a year earlier.
• In September, Toyota produced 841.915 cars September alone.
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EXPERTS PREDICT A BIG SALES DROP IN THE US CAR PRODUCTION AMID CORONAVIRUS

CORONAVIRUS

Highlights:

• Coronavirus had a huge impact on the car production sector.
• The US is not currently facing any disruptions in car production due to coronavirus.
• It is predicted by the analysts that COVID-1...

FEWER DAYS IN JAN HAS RECORDED A FALL IN KOREA’S AUTO SALES, OUTPUT, AND EXPORTS

Highlights:

• South Korea's domestic car sales fell to a seven-year low in January.
• Auto production has slumped by 29 percent as compared to a year ago in January.
• Domestic sales have slumped by 15.9 percent.

Car product...

US CAR PRODUCTION CRIPPLED DUE TO CORONAVIRUS

Highlights:

• China annually exports about $70 billion worth car parts and accessories across the globe, 20% going to the US.
• Lack of parts has shut down production at the US manufacturing plants.
• General Motors could be hit hard financially ...

HYUNDAI FINDS INDIA TO BE A REGIONAL CENTER FOR SMALL CAR PRODUCTION

Highlights:

• South Korean local branch of Hyundai Motor Co. plans world's center for smaller cars in India.
• Hyundai currently has about 1,000 R&D workers in India
• Firm plans to set up an automobile testing ground in India