A fire in Japan could reduce world car production by 1.6 million cars

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A fire in Japan could reduce world car production by 1.6 million cars

Sputnik

Nikkei newspaper said that global car production may be reduced by 1.6 million cars in April-June, as a result of a fire at Renesas Electronics’ plant in Hitatenaka, Japan.

The newspaper stated, that this is equivalent to about 7% of the global production of cars in the world currently.

According to the newspaper, leading Japanese car companies, including Toyota Motor and Nissan Motor, have begun to study the issue of reducing the production of some of their models, due to a severe shortage of semiconductors stocks produced by the Renesas Electronics factory.

The newspaper confirmed that the factory needs a period of at least 4 months to restore its production capacity, after the fire that broke out in its workshops on March 19.

Renesas Electronics is a leading automotive semiconductor manufacturer. And for some types of these products, the company ranks first in the world.

Source: TASS



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