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<blockquote data-quote="Weather Man" data-source="post: 16593727" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3673447-honda-temporarily-cutting-production-at-all-us-canada-plants-reuters" target="_blank">Honda temporarily cutting production at all U.S., Canada plants - Reuters</a></p><ul> <li data-xf-list-type="ul">Honda (NYSE:<a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC</a>) will <a href="https://www.reuters.com/article/us-honda-production-exclusive/exclusive-honda-temporarily-cutting-some-production-at-all-u-s-canada-plants-idUSKBN2B9042?il=0" target="_blank">suspend production for a week</a> at a majority of its U.S. and Canada auto plants due to supply chain issues, Reuters reports.</li> <li data-xf-list-type="ul">A company spokesperson cites the impact from COVID-19, the microchip shortage, congestion at various ports and severe winter weather over recent weeks as reasons for the suspension for the week starting March 22.</li> <li data-xf-list-type="ul">The volume of vehicles affected is not clear, but Honda says "purchasing and production teams are working to limit the impact of this situation."</li> <li data-xf-list-type="ul">Honda typically produces ~30K vehicles per week in the U.S. and Canada.</li> <li data-xf-list-type="ul">The chip shortage has hurt most of the global automakers, including General Motors, which has cut production at several plants and warned the shortage could <a href="https://seekingalpha.com/news/3668799-general-motors-extends-us-production-cuts-due-to-chip-shortage" target="_blank">knock as much as $2B from this year's earnings</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16593727, member: 137766"] [URL='https://seekingalpha.com/news/3673447-honda-temporarily-cutting-production-at-all-us-canada-plants-reuters']Honda temporarily cutting production at all U.S., Canada plants - Reuters[/URL] [LIST] [*]Honda (NYSE:[URL='https://seekingalpha.com/symbol/HMC']HMC[/URL]) will [URL='https://www.reuters.com/article/us-honda-production-exclusive/exclusive-honda-temporarily-cutting-some-production-at-all-u-s-canada-plants-idUSKBN2B9042?il=0']suspend production for a week[/URL] at a majority of its U.S. and Canada auto plants due to supply chain issues, Reuters reports. [*]A company spokesperson cites the impact from COVID-19, the microchip shortage, congestion at various ports and severe winter weather over recent weeks as reasons for the suspension for the week starting March 22. [*]The volume of vehicles affected is not clear, but Honda says "purchasing and production teams are working to limit the impact of this situation." [*]Honda typically produces ~30K vehicles per week in the U.S. and Canada. [*]The chip shortage has hurt most of the global automakers, including General Motors, which has cut production at several plants and warned the shortage could [URL='https://seekingalpha.com/news/3668799-general-motors-extends-us-production-cuts-due-to-chip-shortage']knock as much as $2B from this year's earnings[/URL]. [/LIST] [/QUOTE]
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