Semiconductor shortage silver lining seen by Mitsubishi in better autos margins

Cons. Discr. - Autos 1114 Earnings 667 Info Tech - Tech Hardware 736 Japan 570 Quote Watch 438 U.S. 5197

Production and exports by the big seven Japanese automakers have yet to return to pre-pandemic levels. Total production of cars in Japan fell by 12.4% in June 2021 versus June 2019 while exports fell by 14.6%. Mitsubishi, whose exports fell by 37.2%, stated there was “insufficient car supply caused by semiconductor constraints”. There is a silver lining though in Mitsubishi’s U.S. operations where “the tightening of inventories due to [the] semiconductor shortage led to an improvement in profitability”. The firm expects “the production situation to improve from this summer” and there’s a...

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