Nissan Temporarily Suspends Mexican Production In June Due To Semiconductor Crisis: Reuters

May 28, 2021 2:14 PM | 28 seconds read | Make a Comment

Japanese carmaker Nissan Motor Co Ltd NSANF will temporarily stop production at three Mexican plants in June due to the semiconductor chip crisis, Reuters reports.
The crisis is estimated to affect the auto industry by $110 billion in lost revenue in 2021.
Recently, the U.S. Commerce Secretary said no preferential treatment would be given for the auto sector.
Price action: NSANF shares traded higher by 2.04% at $5 on the last check Friday.

Posted In: News Tech Media Briefs Reuters semiconductors

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