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Mitsubishi to Cut 16,000 Units Globally in May on Chip Shortage

  • That’s almost one-fifth of current monthly production
  • Semiconductor shortage has snared firms all around the world
Updated on

Mitsubishi Motors Corp. will cut production by as many as 16,000 cars globally next month due to the chip shortage, according to a company spokesperson, the latest automaker to succumb to the malaise that’s gripped the world’s automobile industry.

The Japanese automaker produced 90,745 units globally in January and 88,754 cars in February, according to its website, so that trim represents almost one-fifth of total output. Mitsubishi said in March that it would reduce its domestic output of vehicles by 4,000 to 5,000 units that month and was reviewing its production plans for April.