Honda Motor is planning to cut production by about 50% on two lines of one of its domestic factories in early May due to chip shortages and Covid-19 lockdowns, the company said on Thursday.
The factory in the city of Suzuka will also slash its production by half for the month of April, expanding the scale of the cutback from an earlier announcement that it would cut back production by about a third.
The company said the persistent semiconductor shortage as well as uncertain geopolitical affairs had caused delays in logistics and parts arrival.
A factory in Saitama prefecture would also reduce production by a third in April but is planning to restore normal operation in early May, the company said.
- Reuters, with additional editing by George Russell
READ MORE:
Honda Plans $64bn Investment to Boost Electric Ambitions
GM, Honda to Jointly Develop Range of Lower-Priced EVs
Sony Group, Honda Motor Announce EV Joint Venture
