• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Auto output dives in Brazil, Mexico as chip shortages bite

October 6, 2021 by David Barret Leave a Comment

October 6, 2021

MEXICO CITY/SAO PAULO (Reuters) – Automotive production in Brazil and Mexico, Latin America’s two largest economies, plummeted in September, dragged down by an industry-wide semiconductor chip shortage and railroad blockades in Mexico, data showed on Wednesday.

Brazilian auto production was down 21.3% to 173,287 units in September from the same month in 2020, when the industry was scrambling to resume production from a coronavirus-induced shutdown, Brazilian automakers association Anfavea said.

In Mexico, auto output plunged 33.30% from September 2020 to 208,092 vehicles, while auto exports fell by 24.18% to 195,294 units, data from national statistics agency INEGI showed.

A semiconductor chip shortage is causing major auto production cuts around the globe and auto industry officials have warned the problem is getting worse.

Compounding carmakers’ woes in Mexico have been 86 days of railroad blockades as of Oct. 5 in the western state of Michoacan, home to the key port of Lazaro Cardenas, according to analysis by Grupo Financiero BASE.

Automakers in Brazil lowered projections for sales, output and exports this year, blaming a shortage of parts and a slow economic recovery.

Anfavea, which represents global carmakers such as General Motors, Volkswagen and Fiat in Brazil, now expects sales of new automobiles in Brazil to either fall by 1% or rise by no more than 3% this year. In July, the association had forecast 13% sales growth from 2020.

Vehicle sales in Brazil fell 10.2% in September from August to 155,075 units, according to Anfavea. Still, automotive output in Brazil did rise 5.6% in September from August.

(Reporting by Alberto Alerigi Junior in Sao Paulo, Ricardo Figueroa in Santiago and Anthony Esposito in Mexico City; Editing by Andrew Heavens and Chris Reese)

Source Link Auto output dives in Brazil, Mexico as chip shortages bite

David Barret
David Barret

Related posts:

  1. Canada trade surplus narrowed in July to C$778 million
  2. ‘The Morning Show’ moves beyond #MeToo to COVID and cancel culture
  3. Nikola, Iveco sign MoU to deliver 25 e-trucks to Hamburg port
  4. Employers are consumer edtech’s next beta test

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Hormone Therapy For Trans Women Shifts Dozens Of Proteins To Align With Their Gender Identity
  • People Are Not Reacting Well After Learning How Cranberries Are Grown
  • The World’s Newest Great Ape Is Also Its Rarest, With Fewer Than 800 Left In The Wild
  • IFLScience We Have Questions: Can Burying Scientists Alive In The Snow Help Us Protect Polar Bears?
  • Scientists Perplexed By 407-Million-Year-Old Fossilized Plant That Doesn’t Follow The Fibonacci Sequence
  • This Giant Goldfish Hybrid Weighs As Much As A 10-Year-Old – A Stark Warning About Dumping Pets
  • Scientists Gave Mice Neanderthal And Denisovan Genes. The Results Were Intriguing
  • 2024 Saw Higher Levels Of Carbon Dioxide In The Atmosphere Than Ever Before
  • Halloween Fireballs Will Grace Our Skies As The Taurid Meteor Showers Arrive
  • Newly Discovered Hunting Megastructures Suggest Pre-Bronze Age Societies More Sophisticated Than Previously Thought
  • What Is Spectroscopy And Why Is It So Important To Science?
  • Parkinson’s “Trigger” Seen For The First Time: Scientists Image The Toxic Molecules Inside The Human Brain
  • What Flying Animals Exist That Are Not Birds?
  • DNA Evidence Uncovers Surprising Origins Of Native Americans
  • Single Gene Swap “Transfers A Behavior” Between Two Species For The First Time
  • Interstellar Object 3I/ATLAS Has A Rare “Anti-Tail”, New Observations Confirm
  • Asteroid Apophis: Animation Shows Asteroid’s Nail-Biting Close Approach To Earth In 2029
  • Titan Breaks A Key Chemistry Rule: What That Means For Alien Life
  • Scientists Studied “Chicago Rat Hole” – They Have Bad News, The South Atlantic’s Magnetic Field Weak Spot Is Growing, And Much More This Week
  • Could This Be The Real Reason Humans Survived And Neanderthals Died Out?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version