Honda's Japan car output to return to normal capacity in December
Reuters
Published Nov 18, 2021 12:08AM ET
TOKYO (Reuters) - Honda Motor Co said on Thursday its Japanese car factories will return to normal operations in December, after working at around 90% capacity this month due to a shortage of chips and supply disruptions from COVID-19 lockdowns overseas.
The two domestic production sites will return to normal capacity in the first half of December, Honda said in a statement.
Earlier this month, the maker of the Fit and CR-V models cut its full-year profit forecast for the second time, citing production delays and rising materials costs.
Top Japanese automaker Toyota Motor (NYSE:TM) Corp had also said last week it would start making up for lost production in December, with factories at home returning to normal for the first time in seven months.
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Written By: Reuters
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