Honda Motor Co. said it is weighing production cuts in Japan due to a global shortage of automotive microchips. Several other global automakers and suppliers also said they have been impacted. Honda plans to reduce domestic output by 4,000 units in January, a slowdown mainly affecting the Fit small hatchback at Honda's Suzuka plant, the Nikkei newspaper reported on Friday. The bottleneck might result in the loss of tens of thousands of units through March for Honda, the report said. The cause is a tight supplies of computer chips for cars.
Read Article