A major earthquake in Japan threatens to exacerbate the ongoing global microchip shortage as the total number of vehicles removed from production plans this year surpassed 1 million.
The company says the persistent semiconductor shortage as well as uncertain geopolitical affairs have caused delays in logistics and parts delivery.
The chip shortage continues to hammer away at global vehicle production as automakers await additional semiconductor manufacturing capacity to come online.
The number of vehicles cut from automakers’ production plans this year because of the chip shortage surged 42 percent from a previous estimate, according to AutoForecast Solutions.
The production upgrades at the Hofu H2 assembly plant in western Japan will underpin upcoming production of new vehicles.
The Japanese automaker will also offer permanent jobs to 1,400 employees currently working there through Kelly Services, as well as to all future employees.
EV production should account for about 40 to 50 percent of Honda's total output in North America in 2030, or around 800,000 battery-electric vehicles.
The factory is expected to begin production in 2025, and it will eventually supply electric vehicles and hybrids built in the region.
Toyota cut its July global production plan by 50,000 vehicles.
Another 75,300 vehicles were eliminated from schedules because of the semiconductor shortage, mostly at North American factories.
For a house-proud engineering force such as Honda, relying on GM for EV help may be surprising. But Honda expects to return to its old independent prowess in due time.
Automakers are still shaving back production plans due to semiconductor shortages, but the worst-case scenario for North America just got a tiny bit better.
North American factories took another 26,000 vehicles out of their production schedules last week, significantly more than companies were cutting at the beginning of the month.
Mercedes has set the stage for the mass production of luxury electric vehicles in the U.S. And its massive Alabama plant will be key in taking the fight to EV kingpin Tesla.
Keeping the flow of new Toyotas and Lexuses coming to U.S. dealers amid dozens of simultaneous threats falls to two executives who manage it all the Toyota way.
Suppliers representing 90 percent of the automaker's purchasing volume will supply CO2-neutral parts.
Toyota Motor North America's announced plans to build a battery plant may require the Japanese automaker to build another assembly plant in the U.S.
The automaker hasn’t made a final decision, but is expected to partner with Panasonic at the operation.
Automakers and battery companies are spending unprecedented sums of money as they build out North America's EV supply chain.
Toyota's announced a $1.29 billion battery plant in Liberty, N.C., will have capacity for 1.2 million battery packs per year, suggesting more local investment will follow.
The industry is settling into the new year acknowledging that it's not out of the woods yet on chip shortage disruptions.
Entering the EV era will require Lexus to not only engineer all-electric cars but reengineer the production process that builds them.