Honda Motor has announced plans to cut production by almost 50% on two lines at one of its Japan factories in early May.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
The Japanese automaker had previously slashed domestic output by 10 percent from the scheduled volume in November.<\/p>\n
Automakers continue to battle with chip shortages. The issue which has forced several companies to cut production is still much around.<\/p>\n