Latest Trending
Last Updated, Dec 6, 2021, 11:20 PM
Mexico auto output, exports fall again on semiconductor shortage
Share This


Article content

MEXICO CITY — Mexican automotive production and exports fell for the fifth month running in November, figures from the national statistics agency (INEGI) showed on Monday, as ongoing shortages of semiconductors put the brakes on the industry.

Mexican automotive production plunged by 20.25% from November 2020 to 248,960 vehicles, while auto exports declined by 16.46% to 240,341 units, the INEGI data showed.

A global semiconductor shortage https://www.reuters.com/business/autos-transportation/mexicos-auto-heartland-workers-struggle-chip-shortage-bites-2021-11-24 has prompted automakers in Mexico and the rest of North America to implement rolling shutdowns, curtailing production and hitting workers hard.

Advertisement

Article content

“The stoppages are due to the shortage of semiconductors, and yes, production decreased due to the shortage,” a spokesperson for the Mexico operations of Detroit-based General Motors Co said in response to a query about falling output.

INEGI data showed that GM Mexico’s production fell 43.7% in November from a year earlier, to 40,534 units.

Nissan’s Mexico unit told Reuters the shortage was also impacting production, after INEGI data showed its output plummeted 27.2% in November to 41,525 vehicles.

Mexican auto parts industry group INA said the global semiconductor shortage could be further complicated in 2022 as fifth-generation (5G) technologies are adopted.

“We estimate the impact due to semiconductor shortage will last at least until the first quarter of next year. But this is coupled with a very important issue, which is the switch from 4G networks to 5G,” INA interim chief Alberto Bustamante said.

Advertisement

Article content

Bustamante estimated the impact due to the chip shortage could begin normalizing as of the second quarter of 2022.

Mexico’s auto production fell by 20% to 3.04 million vehicles last year during the first phase of the coronavirus pandemic, and the Mexican Automotive Industry Association (AMIA) has forecast that it could drop by up to 5% more in 2021.

AMIA chief Fausto Cuevas forecast that Mexico’s auto production would return to pre-pandemic levels by late 2023 or in 2024.

In the first 11 months of 2021, Mexican automotive production fell by 0.68% from the same period last year to 2,767,004 vehicles, while auto exports over the same period increased by 3.02% to 2,479,515 units, INEGI figures show. (Reporting by Anthony Esposito in Mexico City and Ricardo Figueroa and Marion Giraldo in Santiago Editing by William Maclean and Matthew Lewis)

Advertisement

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com

Latest Post

4 Advantages of Owning Your Own Dump Truck

Last Updated,Oct 4, 2024

5 Characteristics of Truth and Consequences in NM

Last Updated,Sep 30, 2024

How To Make Your Wedding More Accessible

Last Updated,Sep 11, 2024

Ensure Large-Format Printing Success With These Tips

Last Updated,Sep 11, 2024

4 Reasons To Consider an Artificial Lawn

Last Updated,Sep 11, 2024

The Importance of Industrial Bearings in Manufacturing

Last Updated,Sep 11, 2024

5 Tips for Getting Your First Product Out the Door

Last Updated,Sep 11, 2024

Most Popular Metal Alloys for Industrial Applications

Last Updated,Sep 6, 2024

5 Errors To Avoid in Your Pharmaceutical Clinical Trial

Last Updated,Aug 20, 2024

Ways You Can Make Your Mining Operation Cleaner

Last Updated,Aug 12, 2024

Tips for Starting a New Part of Your Life

Last Updated,Jul 16, 2024

Easy Ways To Beautify Your Home’s Exterior

Last Updated,Jun 18, 2024