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
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
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
