- Japanese carmaker Nissan Motor Co Ltd NSANF will temporarily stop production at three Mexican plants in June due to the semiconductor chip crisis, Reuters reports.
- The crisis is estimated to affect the auto industry by $110 billion in lost revenue in 2021.
- Recently, the U.S. Commerce Secretary said no preferential treatment would be given for the auto sector.
- Price action: NSANF shares traded higher by 2.04% at $5 on the last check Friday.
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