Honda will pause production in Japan and China

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The ripples of the auto industry’s chip shortage are still being felt, as evidenced by Honda. Bloomberg reported on Wednesday that the automaker will suspend production in Japan on January 5 and 6. (Honda didn’t specify the affected factories.) In addition, all three of the automaker’s Guangqi Honda Automobile plants in China will shut down from December 29 to January 2.

The halt is an outgrowth of a chip shortage stemming from a recent geopolitical proxy war in the Netherlands, of all places. In…



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Honda will pause production in Japan and China


The ripples of the auto industry’s chip shortage are still being felt, as evidenced by Honda. Bloomberg reported on Wednesday that the automaker will suspend production in Japan on January 5 and 6. (Honda didn’t specify the affected factories.) In addition, all three of the automaker’s Guangqi Honda Automobile plants in China will shut down from December 29 to January 2.

The halt is an outgrowth of a chip shortage stemming from a recent geopolitical proxy war in the Netherlands, of all places. In…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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