Toyota, Honda defy components scarcity in February

TOKYO: Components provide disruptions continued to have an effect on Japanese automakers’ world manufacturing for February however the outcomes launched yesterday confirmed a transparent distinction amongst them, with Toyota and Honda out in entrance.

Toyota Motor Corp mentioned its group, together with Daihatsu and Hino Motors Ltd, produced 884,528 autos globally for the month, a rise of virtually of 11% from the identical month a yr in the past.

It additionally produced a document variety of autos for February in markets exterior Japan regardless of a components scarcity triggered by the Covid-19 outbreak.

Toyota alone exceeded its February world manufacturing goal plan launched a month earlier by virtually 41,000 autos. However the manufacturing stage was beneath the year-ago interval as a result of a Covid-19-induced components provide scarcity in North America and tight components provide in Europe due to rising demand.

Whereas it additionally confronted tight semiconductor provides in China, the automaker mentioned it had used chips that had been rendered surplus from a manufacturing unit shutdown in January as a result of Covid-19 to mitigate this.

Likewise, Honda Motor mentioned its February world manufacturing rose by 8.1% with 344,712 autos. Though the semiconductor scarcity and Covid-19 pandemic disrupted provide chains and lowered manufacturing stage in comparison with February final yr in North America, the issue was not extreme in Asia, the place manufacturing stage elevated in comparison with the identical time final yr.

In distinction, Nissan Motor Co mentioned its world manufacturing for February was down 7.8% year-over-year at 275,437 models because of the scarcity of semiconductors.

Subaru Corp’s February world manufacturing fell by 23.6% throughout the identical interval at 47,625. The corporate mentioned it had adjusted and suspended operation as a result of tight provide of components utilizing semiconductors. — Reuters


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