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Latest in string of production changes blamed on chip shortages.
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Demand for new vehicles in the United States remains strong despite rising interest and loan rates, reported CEO Tomomi Nakamura.
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Soaring material and parts costs offset benefits gained from a plunging Japanese yen and production rebound.
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LMC Automotive and J.D. Power predict U.S. auto retail sales will rise in October as supply chains improve and make more vehicles available to dealerships.
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Continuing chip shortage bedevils world’s biggest carmaker, which falls short of a new record.
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CEO Carlos Tavares reported he expects the semiconductor supply chain to remain tight until the end of 2023.
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Ongoing shortage forcing brands to trim production, especially in North America.
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Analysts forecast production of about 14.7 million cars and trucks this year in North America, an increase of 12.5% vs. 2021.
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The automaker has dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000.
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European and North American automakers cut around 25,000 additional vehicles from their production schedules last week.
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