Honda (HMC) plans to halt production in Japan and China from December 29 to January 6, showing the ongoing fallout of the global chip shortage, Bloomberg’s Nicholas Takahashi and Tsuyoshi Inajima report. All three of the facilities in its joint venture in China, Guangqi Honda Automobile Co., will be offline from December 29 to January 2, according to the report.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HMC:
- Tesla Stock Torpedoes the “Safety First” Narrative, as Owners Use Glass Breakers to Escape TSLA Cars
- Cox Automotive sees December SAAR sales at 15.9M vehicles
- Honda recalling 70,000 vehicles in U.S. over reduced brake function
- European Commission unveils plan to drop combustion engine ban, Reuters says
- Honda upgraded to Buy from Neutral at Nomura