Due to chip shortages, auto production in Mexico fell 2% in 2021 compared to the previous year, the fourth consecutive annual decline.
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The decrease was particularly sharp in the second half of the year, falling 16.51% in December alone.
The country head of Japan’s Mitsubishi Motors Corp said on Wednesday that auto production in Mexico could slow in the first half of 2022 due to semiconductor shortages and the COVID-19 aftershocks.
Global semiconductor shortages have prompted Mexico and other North American manufacturing centers to impose rolling shutdowns, slowing production.
“I think we will still (see) an impact for at least the first six months of this year,” said Jorge Vallejo, president and chief executive officer of Mitsubishi Motors de México, in an interview with Mexican business newspaper El Financiero. said in.
Due to chip shortages, auto production in Mexico fell 2% in 2021 compared to the previous year, the fourth consecutive annual decline.
Official data shows the reduction was particularly sharp in the second half of the year, falling 16.51% in December alone.
Vallejo said Mitsubishi will outperform competitors on semiconductors over the next few months due to higher demand in Mexico and larger shipments from the Japanese parent company.
In previous interviews, Vallejo had said that Mitsubishi anticipated shortages in 2020 before the COVID-19 pandemic hit Mexico and began stockpiling supplies.
The Mexican Automotive Industry Association (AMIA) said in December that auto production in Mexico may not reach pre-pandemic levels until the end of 2023 or 2024.
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