CNBC reports that,
Ford Motor and Nissan Motor on Friday confirmed they are cutting vehicle production at plants in the U.S. and Japan due to a shortage of semiconductors, highlighting a growing concern for the global automotive industry in 2021.
Ford will idle an SUV plant in Kentucky next week, while Nissan is reducing production at a plant in Japan. Both companies said they are working closely with suppliers to resolve and monitor the situation for any additional impacts.
Volkswagen announced a similar production cut in December 2020.