Honda To Cut Car Production By 50% In May

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Honda Motor has announced plans to cut production by almost 50% on two lines at one of its Japan factories in early May.

The company identified COVID-19, supply chain issues as the reason for the production cut. According to Honda, the persistent semiconductor shortage and uncertain geopolitical affairs have caused delays in logistics and parts delivery.

Honda’s factory in Suzuka will slash production by half during April thereby expanding the company’s initial projection that it would reduce output by about a third.

The company will also reduce production by a third at a factory in Saitama Prefecture in April. However, normal operation will be restored in early May.

Honda had previously revealed in February that output at its domestic assembly plants would shrink by 10% from planned levels. This equates to around 60,000 vehicles for the month.

The Japanese automaker had previously slashed domestic output by 10 percent from the scheduled volume in November.

Automakers continue to battle with chip shortages. The issue which has forced several companies to cut production is still much around.

The Sources for this piece include an article in Reuters.

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