Photos: YONHAP News
South Korea’s auto production plunged to a 13-year low in finally quarter due to the global shortage of semiconductors.
According to the Korea Automobile Manufacturers Association regarding Sunday, local carmakers created nearly 762-thousand units in July-September period, down 20-point-nine percent from a year in the past.
It scores the biggest on-year decline for any third quarter since the global financial crisis of 2008 when a vehicle production plunged to which entails 760-thousand units.
Local automakers produced additional than 908-thousand and 905-thousand units each in the first and as a result second quarter, but production dropped below 800-thousand in the 3rd quarter due to the worsening skin shortage in the second half the year.
Of the shortage was expected to so that you can by this month, but but worsened as car producers in Southeast Asia were initially hit hard by coronavirus lockdowns.
Amazing. Korea’s Auto Production Plunges to 13-Year Low in Q3 Amid Chip Shortage
Source: Matira Matibay
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