The cost of holiday car hire has gone through the roof. And the experience can put a damper on your trip. Using taxis is an easier – and cheaper – option, says Merryn Somerset Webb.
Japan automakers ready to report profit drop
Carmakers worldwide had to adjust or suspend production due to chip shortage
Reuters
May 11, 2021
TOKYO:
While Japan’s biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.
Automakers worldwide have had to adjust or suspend production in the past few months as factors including a surge in demand for electronic devices plus US sanctions against Chinese technology firms led to a dearth of semiconductors.
Chip shortage in focus as Japan automakers ready to report profit drop Toggle share menu
Advertisement
Chip shortage in focus as Japan automakers ready to report profit drop
FILE PHOTO: The Toyota logo is seen at its booth during a media day for the Auto Shanghai show in Shanghai, China, April 19, 2021. REUTERS/Aly Song
10 May 2021 11:45AM (Updated:
10 May 2021 12:38PM) Share this content
Bookmark
TOKYO: While Japan s biggest automakers report what analysts expect to be depressed earnings this week, investors looking for trading cues will be tuned into any assessment of the future impact of a global chip shortage that has forced a shake-up in production.