Phone and computer makers have also reported semiconductor shortages. The paper reports that production will continue as usual at Land Rover’s Solihull plant, while the company’s other plants in Slovakia, Brazil, and China will so far continue unaffected. The shutdown will begin on Monday.Įarlier this month, General Motors suspended production for a week at three North American truck plants, while Nissan halted it for two weeks at a Tennessee plant because of a Covid-19 outbreak at a chip plant in Malaysia. Reinhard Ploss, the Infineon chief executive, said earlier this month that the automotive industry faced “acute supply limitations across the entire value chain” and it would take until well into 2022 for supply and demand to be brought back into balance.Īnalysts at ING said some Taiwanese semiconductor companies unaffected by the Delta variant of Covid-19 were pushing production beyond the usual 100% to satisfy demand.įord said on Wednesday it would halt output for a week on production lines that build its bestselling F-150 pickup trucks because of the shortage. Despite that fall in production the company saw revenue of 4.7bn, up 22 on the. The latest production woes follow news that German chipmaker Infineon, the top automotive supplier, was forced to suspend production at one of its plants in Malaysia in June, due to a coronavirus outbreak. Jaguar Land Rover (JLR) lost 9m (12m) in the last three months of 2021 amid the global computer chip shortage. Shares in European carmakers and suppliers were also broadly weaker, with BMW, Daimler, Renault, Volkswagen and Stellantis – the maker of Peugeot and Fiat cars – all down by more than 2%. This pushed its shares down by 4.4% on Thursday. Toyota said it intended to reduce global production for September by 40% compared with its previous plan, according to the Nikkei business daily.
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