Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Honda to slash Japan production by up to 30% due to continuing supply issues

Honda Motor Co Ltd (7267) said on Thursday it would reduce production by up to 30% in Japan in August, as supply chain and logistics-related issues persist.

Two lines at Honda’s facility in Suzuka, western Japan, are expected to cut output by nearly 10% in July and by nearly 30% in early August versus original plans.

Production at Honda’s assembly plant in Saitama prefecture will also be reduced by nearly 10% in early August, the company said.

Yet, the auto maker’s monthly production target remained undisclosed.

The shares of Honda Motor Co Ltd closed lower for a second consecutive trading session in Tokyo on Friday. It has also been the steepest single-session loss since July 12th. The stock went down 1.56% (JPY 55.0) to JPY 3,468.0, after touching an intraday low at JPY 3,461.0. The latter has been a price level not seen since July 19th (JPY 3,413.0).

The shares of Honda Motor Co have risen 7.37% so far in 2022, following another 12.25% gain in 2021. is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News