May total global production of 8 Japanese automakers fell year-on-year for 3rd consecutive month

The collapse in vehicle production played a significant role in the staggering collapse of Japanese industrial production in May:

By Nikkei:

  • Total global production of eight Japanese automakers fell on the year for a third straight month in May as shutdowns in Chinese cities continued to delay shipments of key parts.
  • Production fell… more than 30% compared to May 2019

  • supply chains are unlikely to return to normal for some time.
  • Six of the eight companies posted declines in May. Only Nissan Motor and Suzuki Motor recorded growth, reflecting particularly weak results in 2021. Daihatsu Motor, Mazda Motor and Honda Motor all suffered double-digit declines.

Link to find out more.


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