Finance
Honda says domestic output at 40% of capacity in Aug-Sept, 70% in early Oct
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A employee assembles vehicles at Honda Motor’s Saitama manufacturing facility in Sayama, north of Tokyo April 18, 2011. REUTERS/Issei Kato/Information
TOKYO, Sept 21 (Reuters) – Honda Motor Co stated its automobile factories in Japan have been working at 40% of capability in August and September due to shortages of semiconductors and different elements attributable to the COVID-19 pandemic.
Honda in a press launch on its web site stated manufacturing in early October ought to rebound to 70% of capability.
“We’re doing what we will to attenuate the influence on manufacturing, however the scenario stays unclear,” the Japanese firm stated.
Reporting by Tim Kelly; Modifying by Christopher Cushing
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