Interesting to know that Toyot

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MilkyXi
2021-02-18

Interesting to know that Toyota and Honda are not impacted by the semiconductor chip shortage

Japan's Toyota, Honda can likely cope with global chip shortage - Fitch

Feb 18 (Reuters) - The global semiconductor chip shortage is not likely to significantly affect the

Japan's Toyota, Honda can likely cope with global chip shortage - Fitch

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Fitch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-18 13:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Feb 18 (Reuters) - The global semiconductor chip shortage is not likely to significantly affect the financial profiles of Japan's Toyota Motor Corp or Honda Motor Co , ratings agency Fitch said in a statement on Wednesday.</p>\n<p>The automakers have enough financial flexibility to absorb more costs and maintain significant rating headroom, even if the shortage persists till the second half of 2021, according to the statement.</p>\n<p>The automobile industry has been grappling with a shortfall in chip supply since the end of last year, driven by coronavirus lockdowns in Southeast Asia and bulk-buying by U.S. sanctions-hit Chinese tech giant Huawei Technologies , among other reasons.</p>\n<p>The shortage prompted top U.S. automaker General Motor Co&nbsp;to extend production cuts at three North American plants last week, while Honda Motor and Nissan Motor were set to sell a combined 250,000 fewer cars in the current financial year.</p>\n<p>Meanwhile, Toyota shrugged off the issue in its quarterly report last week and said it has up to a four-month stockpile of chips, with no immediate hit to production expected.</p>\n<p>\"We believe the shortage should ease or even be resolved in the second half of 2021 as suppliers boost production for automotive clients,\" Fitch said.</p>\n<p>Top economic and national security officials in the White House have launched a new effort to help the U.S. auto industry fight the chip shortage, a White House official said on Thursday.</p>\n<p>The issue could impact nearly 1 million units of global light vehicle production in the first quarter, according to data firm IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a>.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GM":"通用汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2112863444","content_text":"Feb 18 (Reuters) - The global semiconductor chip shortage is not likely to significantly affect the financial profiles of Japan's Toyota Motor Corp or Honda Motor Co , ratings agency Fitch said in a statement on Wednesday.\nThe automakers have enough financial flexibility to absorb more costs and maintain significant rating headroom, even if the shortage persists till the second half of 2021, according to the statement.\nThe automobile industry has been grappling with a shortfall in chip supply since the end of last year, driven by coronavirus lockdowns in Southeast Asia and bulk-buying by U.S. sanctions-hit Chinese tech giant Huawei Technologies , among other reasons.\nThe shortage prompted top U.S. automaker General Motor Co to extend production cuts at three North American plants last week, while Honda Motor and Nissan Motor were set to sell a combined 250,000 fewer cars in the current financial year.\nMeanwhile, Toyota shrugged off the issue in its quarterly report last week and said it has up to a four-month stockpile of chips, with no immediate hit to production expected.\n\"We believe the shortage should ease or even be resolved in the second half of 2021 as suppliers boost production for automotive clients,\" Fitch said.\nTop economic and national security officials in the White House have launched a new effort to help the U.S. auto industry fight the chip shortage, a White House official said on Thursday.\nThe issue could impact nearly 1 million units of global light vehicle production in the first quarter, according to data firm IHS Markit.","news_type":1,"symbols_score_info":{"GM":0.9}},"isVote":1,"tweetType":1,"viewCount":1455,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TM"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":79,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}