Chip shortage to hit about 100,000 Mazda vehicles in 2021
Mazda Motor Corp said on Friday it expects a semiconductor crunch to affect around 100,000 of the Japanese automaker's vehicles globally during the fiscal year.
However, Mazda will fully leverage available inventory to minimise the hit to about 70,000 wholesale units, it said.
The worldwide shift to remote work and learning during the pandemic had boosted demand for laptops and other gadgets, exacerbating a global chip shortage.
The shortfall will cost automakers $110bn (roughly R1,556,134,800,000) in lost revenues this year, up from a prior estimate of $61bn (roughly R862,947,480,000), consulting firm AlixPartners said, forecasting the crisis will hit the production of 3.9 million vehicles.
Automobiles depend on chips for everything from computer management of engines for better fuel economy to driver-assistance features such as emergency braking.