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Honda to cut car output by up to 40% in Japan on supply problems

TOKYO (Reuters) -Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants in early October because of ongoing supply chain and logistical...
Honda to cut car output by up to 40% in Japan on supply problems © Reuters. FILE PHOTO: The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha/File Photo

TOKYO (Reuters) -Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants in early October because of ongoing supply chain and logistical problems.

The cutback provides further evidence of problems automakers likely face in trying to increase production volumes in the second half of the financial year to the end of March to make up for a shortfall caused by a persistent shortage of chips and supply chain disruptions in the first half of the business year.

Two lines at Honda's Suzuka plant in western Japan will cut back production by about 40% in early October, while its assembly plant in Saitama prefecture, north of Tokyo, will cut back production plans by about 30% for the period.

The automaker also said on Thursday it would cut vehicle production at Saitama by about 40% and at Suzuka by about 20% for the rest of September.

Honda blamed delays in receiving parts and logistics on COVID-19 outbreaks and semiconductor shortages. The output reduction will affect a variety of vehicles, including the Vezel sports utility vehicle, Stepwgn minivan and Civic compact car.

Honda's production at those two plants returned to normal in June after an earlier reduction but it began making adjustments again in the next month, the company has said previously.

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30-09-2022 19:47:16 (UTC+7)

EUR/USD

0.9768

-0.0046 (-0.47%)

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↑ Buy

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EUR/USD

0.9768

-0.0046 (-0.47%)

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GBP/USD

1.1082

-0.0033 (-0.30%)

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USD/JPY

144.49

+0.04 (+0.02%)

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AUD/USD

0.6478

-0.0021 (-0.32%)

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USD/CAD

1.3723

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EUR/JPY

141.13

-0.64 (-0.45%)

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EUR/CHF

0.9566

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Gold Futures

1,675.00

+6.40 (+0.38%)

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Silver Futures

18.927

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3.4277

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80.78

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86.64

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222.88

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Euro Stoxx 50

3,297.15

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S&P 500

3,640.47

-78.57 (-2.11%)

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12,053.42

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6,891.80

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17,222.83

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US Small Cap 2000

1,671.71

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7,356.64

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39.620

+0.770 (+1.98%)

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47.35

-0.37 (-0.78%)

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161.37

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117.85

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5.955

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100.11

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7.637

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 EUR/USD0.9768↑ Buy
 GBP/USD1.1082↑ Buy
 USD/JPY144.49↑ Sell
 AUD/USD0.6478↑ Buy
 USD/CAD1.3723↑ Sell
 EUR/JPY141.13Neutral
 EUR/CHF0.9566Buy
 Gold1,675.00Neutral
 Silver18.927↑ Buy
 Copper3.4277↑ Buy
 Crude Oil WTI80.78↑ Buy
 Brent Oil86.64↑ Buy
 Natural Gas6.880↑ Sell
 US Coffee C222.88↑ Sell
 Euro Stoxx 503,297.15↑ Buy
 S&P 5003,640.47Neutral
 DAX12,053.42↑ Buy
 FTSE 1006,891.80↑ Buy
 Hang Seng17,222.83↑ Buy
 Small Cap 20001,671.71Buy
 IBEX 357,356.64↑ Buy
 BASF39.620↑ Buy
 Bayer47.35↑ Sell
 Allianz161.37Buy
 Adidas117.85↑ Buy
 Lufthansa5.955↑ Buy
 Siemens AG100.11↑ Buy
 Deutsche Bank AG7.637Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,510/ 6,610
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SJC HCM6,540/ 6,640
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SJC Hanoi6,540/ 6,642
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SJC Danang6,540/ 6,642
(85/ 85) # 1,824
SJC Nhatrang6,540/ 6,642
(85/ 85) # 1,824
SJC Cantho6,540/ 6,642
(85/ 85) # 1,824
Cập nhật 30-09-2022 19:47:19
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KRW14,4117,55
Cập nhật lúc 17:03:50 30/09/2022
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