Nissan to make half a million fewer cars in 2021 due to chip shortage


The Nissan Versa Note is introduced at the 2013 North American International Auto Show in Detroit, Michigan.

Stan Honda | AFP | Getty Images

Japanese car maker Nissan is planning to make half a million fewer vehicles in 2021 as the global chip shortage continues to wreak havoc on the automotive industry.

Nissan Chief Executive Makoto Uchida told CNBC’s “Squawk Box Europe” on Thursday that the company is also grappling with a surge in raw material prices.

“The impact we foresee as of speaking is about 500,000 units in terms of the production this year,” said Uchida, adding that the company will take steps to try to get production back on track.

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