Et tu, Climate change? WASHINGTON (Reuters) - Honda Motor Co said late Tuesday supply chain issues will force a halt to production at a majority of U.S. and Canadian auto plants for a week.
The Japanese automaker added the issue will result in some production cuts next week at all U.S. and Canadian plants, citing "the impact from COVID-19, congestion at various ports, the microchip
shortage and severe winter weather over the past several weeks."
The production issues are hitting Honda plants in Ontario, Ohio, Alabama, and Indiana. Honda said its Mexico operations have not announced any production cuts.
The chip shortage, which has hit most of the global automakers, stems from a confluence of factors as carmakers, which shut plants for two months during the COVID-19 pandemic last year, compete with the sprawling consumer electronics industry for chip supplies.
General Motors Co has cut production at many plants and warned it could shave up to $2 billion from this year's earnings.
GM's U.S. rival Ford Motor Co previously said the shortage could hurt 2021 profit by up to $2.5 billion and said it had curtailed production of its flagship F-150 pickup."
Exclusive: Honda temporarily cutting production at all U.S., Canada plants (yahoo.com)
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