Honda temporarily cutting production at all U.S., Canada plants

DEAD7

Veteran
Supporter
Joined
Oct 5, 2012
Messages
50,686
Reputation
4,365
Daps
88,529
Reppin
Fresno, CA.
Honda temporarily cutting production at all U.S., Canada plants




WASHINGTON (Reuters) - Honda Motor Co said late Tuesday supply chain issues will force a halt to production at a majority of U.S. and Canadian auto plants for a week.

The Japanese automaker added the issue will result in some production cuts next week at all U.S. and Canadian plants, citing "the impact from COVID-19, congestion at various ports, the microchip shortage and severe winter weather over the past several weeks."

"In some way, all of our auto plants in the U.S. and Canada will be impacted," Honda said.

Some U.S. and Canadian plants are expected to have smaller production cuts next week, but a spokesman for Honda added "the timing and length of production adjustments could change."

The company declined to specify the volume of vehicles impacted but said "purchasing and production teams are working to limit the impact of this situation."

The company added when production is suspended Honda workers "will continue to have the opportunity to work at the impacted plants." Honda workers were notified of the production cuts Monday.

Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions, said Honda typically produces about 30,000 vehicles a week in the United States and Canada.

The production issues are hitting Honda plants in Ontario, Ohio, Alabama, and Indiana. Honda said its Mexico operations have not announced any production cuts.
 

dtownreppin214

l'immortale
Supporter
Joined
Apr 30, 2012
Messages
54,758
Reputation
10,385
Daps
188,401
Reppin
Shags & Leathers
The chip shortage is fukking up the whole market for buyers like myself. There is a huge new inventory shortage b/c of it and that, in turn, is causing the used car market to look like the new car market.
 

dora_da_destroyer

Master Baker
Joined
May 1, 2012
Messages
62,165
Reputation
14,793
Daps
250,449
Reppin
Oakland
like i said in the boiler room thread, if your ass aint buy chip mfgs or ETFs during that pullback, you're pouring jelly on yourself. very few businesses are operating in a market where they can't meet demand, a demand where your product is needed, not just wanted. that means higher prices and guaranteed sales
 
Top