Honda Announces British Auto Plant Closure in 2021
Tokyo, Feb. 19 (Jiji Press)--Major Japanese automaker Honda Motor Co. <7267> said Tuesday that it will close its Swindon automobile manufacturing plant in southern Britain in 2021.
Weak sales in Europe led to the decision to shut the company's only four-wheel vehicle factory in the region.
The closure is expected to deal a blow to Britain, already at risk of an economic disaster due to its planned exit from the European Union, or Brexit.
"What was announced this time has nothing to do with" Brexit, President Takahiro Hachigo told a news conference.
The global auto industry is boosting production of electric vehicles, prompted by tighter environment regulations.
[Copyright The Jiji Press, Ltd.]