Honda to slash production by 50% at domestic plant in early May

Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo
Honda's logo on its Modulo model is pictured at its showroom at its headquarters in Tokyo, Japan, Feb. 19, 2019. REUTERS/Kim Kyung-hoon

TOKYO, April 22 (Reuters) - Honda Motor Co (7267.T) is planning to cut production by about 50% on two lines of one of its domestic factories in early May due to chip shortages and COVID-19 lockdowns, the company said on Thursday.

The factory in the city of Suzuka will also slash its production by half for the month of April, expanding the scale of the cutback from an earlier announcement that it would cut back production by about a third.

The company said the persistent semiconductor shortage as well as uncertain geopolitical affairs had caused delays in logistics and parts arrival.

A factory in Saitama prefecture would also reduce production by a third in April but is planning to restore normal operation in early May, the company said.

Reporting by Satoshi Sugiyama; Editing by Tom Hogue

Our Standards: The Thomson Reuters Trust Principles.

Read Next