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Nissan hikes net profit forecast again despite chip shortage

Nissan on Feb. 8 hiked its annual net profit forecast again on strong interim results, aiming to weather the global chip shortage as it shifts focus to electric vehicles.

The Japanese car giant now expects yearly net profit to March 2022 of 205 billion yen ($1.8 billion), having already tripled its annual profit outlook in November to 180 billion yen.

Turkish auto industry makes nearly 110,000 vehicles in October

Automakers in Turkey produced 108,078 vehicles in October, including automobiles and commercial vehicles, according to a sectoral report released on Nov. 15.

The figure decreased by 28 percent year-on-year last month, a report from the Automotive Manufacturers Association (OSD) showed.

Car maker Revoz shrinking production

Novo Mesto – Revoz is switching from two shifts to one and a half on Monday, 15 November, as car manufacturer Renault’s Slovenian subsidiary scales down production over uncertainties in the car industry resulting from the global crisis in semiconductors. In the coming months, around 350 of the company’s more than 2,400 workers will lose their jobs.

Chip shortage troubles continue for Slovenian vehicle makers

Novo Mesto – Revoz, a car manufacture and assembly plant based in Novo Mesto, is suffering from a shortage of electronic parts for its car models. They assessed that two-fifths of this year’s planned production has been lost so far. Adria Mobil, a Novo Mesto-based company that produces caravans and motorhomes, is facing similar problems.

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