Toyota Motor Corp. and Honda Motor Co. Ltd. introduced on Wednesday new North American manufacturing cuts, citing provide chain points which have wreaked havoc with the auto trade.
Toyota stated it will minimize manufacturing this week at 4 vegetation in Kentucky, West Virginia and Mexico, citing “a shortage of petrochemicals” and “recent severe weather conditions” affecting manufacturing.
A Toyota spokesperson stated the manufacturing cuts “will impact production of the Camry, Camry Hybrid, Avalon, Avalon Hybrid, RAV4 Hybrid, Lexus ES 350, Lexus ES 300h and Tacoma,” however declined to say how lengthy or how a lot manufacturing could be minimize.
Honda stated late on Tuesday that provide chain points would pressure a halt to manufacturing at a majority of its U.S. and Canadian auto vegetation for per week beginning subsequent Monday — and would lead to some manufacturing cuts in any respect U.S. and Canadian vegetation subsequent week.
The corporate cited “the impact from COVID-19, congestion at various ports, the microchip shortage and severe winter weather over the past several weeks.”
“In some way, all of our auto plants in the U.S. and Canada will be impacted,” Honda stated.
On Wednesday, Honda in Mexico stated it will droop manufacturing at its vegetation in that nation starting on Thursday resulting from provide chain issues.
A Honda consultant stated in a quick assertion it was unclear how lengthy the pause would final, describing the suspension at Mexican vegetation as a coordinated North America-wide stoppage.
Individually on Wednesday, Volvo Automobiles, which is owned by China’s Geely Holding, stated it will quickly cease or modify manufacturing in China and america for components of March resulting from a world scarcity of semiconductor chips.