Matt Atlas

Chip Shortage Expected To Cost Czech Car Industry 200 Billion Crowns In 2021

Domestic carmakers will not produce over 250,000 cars this year due to a lack of chips, which will mean a loss of 200 billion crowns for them and suppliers. In three quarters, 831,653 passenger cars were produced in the Czech Republic, which is only 2.9 percent more than last year’s coronavirus year, when production was completely stable for over a month, but 22 percent less than in 2019. The Automobile Association announced today. industry

“The global shortage of semiconductors will significantly overcome the negative effects of pandemic shutdowns in 2020. If we expected a market settlement at the end of the year in June and manufacturers catch up with missed production, developments in the summer and autumn unfortunately push the industry’s performance Compared to the original estimates, due to the lack of chips, no more than 250,000 vehicles will be produced in the Czech Republic, which corresponds to sales losses of approximately CZK 120 billion on the part of car manufacturers and another approximately CZK 80 billion from suppliers, “said Zdeněk Petzl, the association’s executive director.

Therefore, at Monday’s tripartite meeting, carmakers want to negotiate temporary employment support with the government from the Antivirus program, which would support the most affected supply chain companies based on objectively determined criteria, help them maintain financial flows for subsequent restarts.

The current crisis is currently being resisted by the Hyundai plant in Nošovice. In three quarters, Hyundai produced 207,300 vehicles, up 26.8 percent year on year. In September alone, production fell by 5.7 percent year on year. Škoda Auto produced 514,309 vehicles in domestic plants, a decrease of 3.7 percent. Toyota’s production in Cologne fell 0.5 percent to 110,044 cars.

Bus production fell 1.2 percent to 3,475 vehicles. Of this, Iveco reduced production by 1.1 percent to 3,157 buses and SOR Libchavy produced 302 vehicles, which is one percent less. Tatra Trucks, which is the only truck manufacturer, produced 875 vehicles from January to September this year, ie 36 less than in the same period last year.

Jawa Moto produced 811 motorcycles, ie 432 more machines than last year. Sales in the Czech Republic rose by 128 percent to 658 motorcycles.