Automakers around the world will likely be forced to continue production cutbacks in the coming months until a global semiconductor supply shortage can be resolved, industry experts say.
Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. have said they partially halted production at factories around the world due to the chip shortage just as they began recovering from pandemic-forced plant shutdowns.
Demand for chips, widely used in electronic devices including those in vehicles, has been surging across various sectors since last fall as the global economy picked up.