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Japanese company Toyota is expected to cut its global car production by 40 percent during September due to the world’s shortage of microelectronics.
The world’s largest automaker had planned to build nearly 900,000 cars next month, but has now reduced that figure to 540,000 cars.
Volkswagen, the world’s second-largest automaker, has warned it may also have to cut production.
The Corona pandemic has increased demand for devices using chips, such as phones, televisions and game consoles.
“We currently expect the supply of chips in the third quarter to be very volatile and limited,” German Volkswagen, which cut production earlier this year, told Reuters on Thursday.
“We cannot rule out other changes in production.”
Toyota’s other competitors – including General Motors, Ford, Nissan, Daimler, BMW and Renault – had already cut production in the face of a global shortage of chips.
Toyota has so far managed to avoid doing the same, except to extend the summer shutdown of its factories in France, the Czech Republic and Turkey by a week.
وغالبا ما تشتمل السيارات الجديدة على عشرات من الرقائق الدقيقة, لكن تويوتا استفادت من بناء مخزون أكبر من الرقائق – تسمى أيضا أشباه الموصلات – كجزء من تجديد خطتها لاستمرارية العمل, والتي تم تطويرها في أعقاب كارثة زلزال فوكوشيما وموجات المد العاتية (تسونامي) التي وقعت قبل a decade.
The decision to cut production is now driven by the further rise in coronavirus cases in Asia, which has affected supplies.
Toyota factories in Asia will be affected. But a Toyota UK spokesperson said: “As far as we know, we see no impact on production in Britain” following the cuts announced in Japan on Thursday.
He added that the goal for Toyota as a whole is to make up for any lost volume (of production) by the end of 2021.
published photo, Getty Images
The world is experiencing a shortage of microelectronic chips
A wide range of businesses, from automakers to manufacturers of small home appliances, have been affected by the chip shortage.
Problems started to surface last year, when Apple had to change the release date of its iPhone, when the latest Xbox and PlayStation fell short of demand.
Since then, tech companies have started warning, one by one, of the potential effects.
Last month, Pat Gelsinger, director of chipmaker Intel, said the worst of the global chip crisis was yet to come.
Gelsinger predicted that the shortage will worsen in the “second half of this year,” and that it will be “a year or two” before supplies return to normal.
This shortage prompted US President Joe Biden to sign an executive order to address the issue. He has pledged to push for $ 37 billion in legislation to increase chip manufacturing in the United States.
Toyota shares fell 4.4% on Thursday, their biggest daily decline since December 2018.
How the shortage affects businesses:
- Renault expects the production of its cars to drop by around 100,000 this year.
- Sony says it is finding it difficult to increase production of PS5 and PlayStation Five consoles.
- Apple expects the impact of the shortage to worsen and extend to production of iPhone phones.
- Tesla says he’s using replacement chips and reworking his software.
- Taiwan Semiconductor Corporation plans to build new factories in the United States and Japan.
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