Benzinga | May 21, 2021 01:06PM EDT

Semiconductor Crisis Compel Nissan, Suzuki, Mitsubishi To Cut June Production: Reuters

* Nissan Motor Co Ltd (OTC: NSANY) and Suzuki Motor Corp (OTC: SZKMY) will briefly stop production at some plants in June due to the semiconductor chip crisis, joining the likes of General Motors Co (NYSE: GM) and Ford Motor Co (NYSE: F), Reuters reports.

* Nissan Motor will halt production at its factory in Kyushu, southern Japan, between June 24 -- 28. It will also make production adjustments during the month at its Tochigi and Oppama plants in Japan.

* Nissan will also briefly stop producing some of its models at its Mexico plant.

* Suzuki Motor will stop production at three plants in the Shizuoka area from three to nine days based on an unconfirmed plan.

* Mitsubishi Motors Corp (OTC: MMTOF) will cut production by 30,000 vehicles in June at five plants in Japan, Thailand, and Indonesia.

* The U.S. Commerce Secretary refused preferential treatment to the struggling auto sector. It is estimated to take a revenue hit of $110 billion in 2021.