Honda to cut production by 10% in two factories

Economy

FILE PHOTO: The logo of Honda Mortor is pictured at at the 37th Bangkok International Motor Show in Bangkok, Thailand, March 22, 2016. Picture taken March 22, 2016. REUTERS/Chaiwat Subprasom
FILE PHOTO: The logo of Honda Mortor is pictured at at the 37th Bangkok International Motor Show in Bangkok, Thailand, March 22, 2016. Picture taken March 22, 2016. REUTERS/Chaiwat Subprasom

TOKYO (Reuters) - Japan’s Honda Motor will reduce factory production by about 10% in two domestic plants through the end of March, it said on Thursday, citing the global microchip shortage and geopolitical uncertainty.

The carmaker had previously said production would be reduced through early March.

(Reporting by Satoshi Sugiyama; Editing by David Goodman)

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