Honda to cut output by up to 30% at Japan plants on supply snag
2022.07.22 11:58
FILE PHOTO: The logo of Honda Mortor is pictured at at the 37th Bangkok International Motor Show in Bangkok, Thailand, March 22, 2016. REUTERS/Chaiwat Subprasom
TOKYO (Reuters) – Honda Motor Co said it would slash production by up to 30% in Japan next month against original plans due to persistent supply chain and logistical issues.
Two lines at its Suzuka plant in western Japan will reduce production by about 10% this month and by about 30% in early August versus previous plans, Honda said late on Thursday.
Its assembly plant in Saitama prefecture, north of Tokyo, will also cut back production by about 10% early next month.
Honda has not disclosed its monthly production target.
Automakers have been unable to shake off the impact of COVID-19 lockdowns in China and a shortage of semiconductors.
Toyota Motor (NYSE:TM) Corp said this week its global production for August would be about 700,000 units, down roughly 18% from its plans at the beginning of the year.
Honda adjusted its production plan in May but had said it would return to normal in early June.
