Japanese carmaker Mazda has forecasted a reduction of 100,000 vehicles in its global output this year, as a fallout of the ongoing semiconductor chips shortage worldwide.
Mazda will leverage all its resources, especially inventory, to minimize the count to 70,000 units, according to media reports on Friday.
Independent consultancy and analyses firms have revised their estimated revenue losses for automotive manufacturers to $110bn globally from $61bn this year. This translates to 3.9 million fewer new vehicles produced worldwide.
Mazda’s vehicle production declined by 8.3pc in the first two months of 2021 to 207,233 units and its monthly output dropped by 3.9pc in February to 96,024 vehicles.