Mazda Expects Chip Shortage to Affect Vehicle Production

Japanese automaker - Mazda said it expects a chip shortage to affect its vehicle production from this month.

Mazda will revise its production plans based on the assumption that the shortage will affect around 7,000 vehicles globally in February - chief executive Akira Marumoto said.

"The situation is extremely fluid at the moment, but we are heading towards improvement on a daily basis. We will minimize the impact of semiconductor shortage by our day to day consultations and adjustments with our suppliers“, Marumoto commented. He had also added that the company's full-year earnings forecast already reflects the impact of the shortage on sales and revenue.

Mazda raised its full-year operating forecast to zero from a previous forecast of a 40 billion yen loss, due to a steady progress of improvement in marketing expenses, carline mix and fixed cost reduction.

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