Honda Motor said on Wednesday it would suspend production at its North American factories for several days in each of three to five months from May to reduce inventory amid poor car sales in the region.
Go deeper with GlobalData
The automaker was this week reported to have leased space at a defunct Ford facility in Ohio to store unsold cars.
The planned step will likely reduce the company’s output for the year ending March 2010 by an estimated 62,000 vehicles, while Honda has not made public its production plan for fiscal 2009, industry watchers told Kyodo News.
Four Honda factories in the United States and one in Canada will close for a total of 13 days between May and July. Work will also be suspended for 13 days between May and September at a Mexican factory, the company said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
