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Honda Plans To Cut Car Production In Japan On Supply Issues

·1 min read
  • Honda Motor Co Ltd (NYSE: HMC) is planning to cut its car output by 40% at two of its Japanese plants.

  • The automaker took the decision after considering the prevailing supply chain and logistical problems, Reuters reported.

  • The cut raises concern about the company as it gears to make up for lost production in the first half of the year.

  • Two lines at Honda's Suzuka plant in western Japan will reduce production by about 40% in early October.

  • Also ReadTSMC Chief Blames Low-End Chips For Hindering Supply Chain

  • The output cut is expected to affect vehicles, including the Vezel sports utility vehicle, Stepwgn minivan, and Civic compact car.

  • Price Action: HMC shares are trading higher by 0.42% at $23.90 in premarket on the last check Thursday.

  • Photo Via Company

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