Honda says domestic output at 40% of capacity in Aug-Sept, 70% in early Oct By Reuters

September 21, 2021 admin Stock News 0

© Reuters. A worker assembles cars at Honda Motor’s Saitama factory in Sayama, north of Tokyo April 18, 2011. REUTERS/Issei Kato/Files

TOKYO (Reuters) – Honda Motor Co said its car factories in Japan have been operating at 40% of capacity in August and September because of shortages of semiconductors and other components caused by the COVID-19 pandemic.

Honda in a press release on its website said production in early October should rebound to 70% of capacity.

“We are doing what we can to minimize the impact on production, but the situation remains unclear,” the Japanese company said.

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