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Honda cuts up to 40% of production at Japanese factories

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Honda’s motobike are cutting production up to 40 percent at two Japanese factories for the rest of the month for… guess what: supply chain and logistical issues.

Reuters This cut report could be seen as a warning sign that many automakers will not be able to increase production output in the second half of the financial year ending March 2023. Many companies had hoped to increase production to make up for the drop in output seen earlier in the year due to chip and supply chain problems.

News the store said Honda’s motobikeIts assembly plant in Saitama Prefecture – north of Tokyo – will cut production by about 40% this month. At the same time, the two lines at Honda’s Suzuka Factories in western Japan will cut output by about 20% this month.

Honda blamed delays in parts receipt and logistics on the COVID-19 outbreak and semiconductor shortages. The reduction in production will affect a wide range of vehicles, including the Vezel sport utility vehicle, the Stepwgn minivan and the Civic compact car.

The automaker said last month it would cut vehicle production by 40% at Saitama and 30% at Suzuka by early September.

Reuters reported that production at the two affected plants finally returned to normal in June of this year after a separate output reduction in early 2022. By July, however, the company had adjusted. production target.

On the other hand, the outlet reports that Honda’s main competitor, Toyota, still feel good about his production plan. That company is holding onto a record global production target of 9.7 million vehicles for the current financial year ending March 2023..

Toyota said recently, that it expects to build 850,000 vehicles globally in September, and that’s just the beginning. The automaker plans to raise production through November.

So, while Honda may be having a bit of a rough go of it, it seems that not every company is in the exact same boat.

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