Honda Plans To Cut Car Production In Japan On Supply Issues

by Shivani Kumaresan, Benzinga Staff Writer

September 22, 2022 7:57 AM | 1 min read |

Honda Motor Co Ltd 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 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.
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