Jorge Vallejo, president and CEO of Mitsubishi Motors Mexico, said in a recent interview that car production in Mexico may slow in the first half of 2022 due to semiconductor shortages and the impact of COVID-19.
"I think we will still (see) the impact for at least the first six months of the year," Jorge Vallejo said.
Vallejo said Mitsubishi would fare better than competitors on semiconductors over the next few months due to high demand in Mexico and large shipments from the Japanese parent company.
A global semiconductor shortage has led to rolling shutdowns in Mexico and other North American manufacturing centers, slowing production. Affected by chip shortages, Mexican auto production in 2021 will fall by 2% year-on-year, the fourth consecutive year of decline. The fall was particularly pronounced in the second half of the year, with a 16.51% drop in December alone, official data showed.
The Mexican Automobile Industry Association (AMIA) had earlier said that car production in Mexico may not reach pre-pandemic levels until late 2023 or 2024.
