Honda Motor will reduce vehicle production in Japan because of a supply shortage of semiconductors used in vehicle control systems, seekingalpha.com reported, citing NikkeiAsia.
The automaker reportedly will first shrink production by around 4,000 units this month, affecting mainly the Fit [aka Jazz] subcompact manufactured at a plant in Suzuka, but the cuts could be worse later in the year, the reports said.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
A cutback of 4,000 autos would be less than 0.1% of the 4.77m units Honda produced worldwide in fiscal 2019.
"The period starting in February may be grim," according to a source cited in the reports, and the shortage could "impact tens of thousands of vehicles during the January-March quarter on the domestic side alone."
Honda sets monthly records for automobile production in Asia and China
