Honda Motor Co said on Wednesday it plans to stop production at one of its domestic plants within the next five years, cutting capacity by around 24 percent in Japan amid stagnant sales at home, as the automaker focuses on making electric cars and other new-technology vehicles…
Honda Motor Co said on Wednesday it plans to stop production at one of its domestic plants within the next five years, cutting capacity by around 24 percent in Japan amid stagnant sales at home, as the automaker focuses on making electric cars and other new-technology vehicles.
Honda said it would stop production at its aging Sayama plant in Saitama Prefecture, consolidating production at its nearby Yorii plant by around March 2022. Most workers currently at the Sayama plant would be transferred to the Yorii plant, it added.
The move would cut overall domestic annual production capacity to around 810,000 units from 1.06 million currently at Japan’s third-biggest automaker, reflecting current production levels.
