|Bid||0.00 x 1300|
|Ask||0.00 x 800|
|Day's Range||23.25 - 23.71|
|52 Week Range||23.21 - 32.15|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||10.70|
|Forward Dividend & Yield||1.40 (5.43%)|
|Ex-Dividend Date||Sep 28, 2021|
|1y Target Est||30.20|
Two years in, the chip shortage is still forcing companies to make significant production cutbacks.
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 Read: TSMC Chief Blames Low-End Chips For Hindering
TOKYO (Reuters) -Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants in early October because of ongoing supply chain and logistical problems. The cutback provides further evidence of problems automakers likely face in trying to increase production volumes in the second half of the financial year to the end of March to make up for a shortfall caused by a persistent shortage of chips and supply chain disruptions in the first half of the business year. Two lines at Honda's Suzuka plant in western Japan will cut back production by about 40% in early October, while its assembly plant in Saitama prefecture, north of Tokyo, will cut back production plans by about 30% for the period.