Japanese automakers Honda Motor (7267.T) , Nissan Motor (7201.T) and Toyota Motor (7203.T) saw their sales in China tumble in August as a chip shortage hit vehicle production in the world’s biggest car market. Honda said it sold 91,694 vehicles in China last month, down 38.3% from a year earlier due to the COVID-19 pandemic and a shortage of components. Nissan said it sold 113,166 cars in China in August, down 10.6%, due to “external headwinds including on-going pandemic, material shortage and natural disasters across the country”. Toyota said it sold 144,800 cars last month there, down 11.9% from the same month last year. A prolonged global chip shortage has caught major automakers including Ford Motor (F.N) , General Motors (GM.N) and Volkswagen (VOWG_p.DE) off guard, forcing many to idle or curtail production. The shortage was unlikely to be resolved soon as the pandemic […]