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Japan automakers ready to report profit drop


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. ....

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