Mexican auto parts lobby sees chip supply crunch over by December

mexican auto parts lobby sees chip supply crunch over by december

Sumary of Mexican auto parts lobby sees chip supply crunch over by December:

  • The chip shortage in North America alone has caused the region’s carmakers to cut previously expected output by 1.16 million vehicles in May, a figure that has accelerated each month since the start of the year, according to data from IHS Markit..
  • He noted that after Mexico’s autoparts output dropped 20per cent last year in value terms due to the pandemic, a nearly 18per cent uptick is expected this year to reach US$92.4 billion in production value….

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