Nissan Chief Executive Makoto Uchida said that the company is grappling with the semiconductor shortage, as well as a surge in raw material prices.
Japanese automaker Nissan will make half a million fewer vehicles in 2021 as the global chip shortage continues to wreak havoc on the automotive industry, Chief Executive Makoto Uchida told CNBC Thursday.
Speaking on “Squawk Box Europe,” Uchida also said that the company is also struggling with a surge in raw material prices.
“The impact we foresee as of speaking is about 500,000 units in terms of the production this year,” said Uchida, adding that the company will take steps to try to get production back on track.
Today’s cars rely on computer chips for everything from the management of engines to driver assistance systems.
Nissan’s rivals, such as Ford, Volkswagen, and Stellantis have also warned that their production lines could be affected as a result of the semiconductor crisis.