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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.