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semiconductors

Nissan to slash production in Japan in May due to chip shortage
Business & Finance

Nissan to slash production in Japan in May due to chip shortage

  • Japan's third-largest automaker will idle its factory in Kyushu, southern Japan, for eight days between May 10 and 19, the sources said, declining to be identified because the plan is not public.
  • The plant, which assembles the Serena minivan, X-Trail SUV and other models, will aim to make up for lost production once the supply of chips returns, the people said.
Published 15 Apr, 2021 06:33pm
AutoNation quarterly profit surges on resilient demand
Business & Finance

AutoNation quarterly profit surges on resilient demand

  • Global auto sales have rebounded from the pandemic lows hit early last year as consumers increasingly prefer buying vehicles that provide more safety than public transportation during the health crisis.
  • Jackson said he's optimistic about US car and truck demand given the combination of low interest rates, stable fuel prices and the prospect of a significant new federal stimulus package.
Published 16 Feb, 2021 06:41pm
Renesas to resume chip production at quake hit plant on Tuesday
World

Renesas to resume chip production at quake hit plant on Tuesday

  • The 7.3 magnitude tremor off Japan's northeast coast caused strong shaking at the Naka factory in Ibaraki prefecture, which has the company's only cutting-edge 300-millimeter fabrication line.
  • The Japan Meteorological Agency (JMA) has warned that aftershocks from the latest quake could last for several days.
Published 15 Feb, 2021 06:33pm