Honda to cut back in the U.K.

Honda (HMC +0.4%) will cut production in the U.K. due to weak demand.

The automaker will reduce its workforce at a factory in England by 10% as it goes from three shifts a day to two.

For the first two months of the year, Honda has seen sales drop 10% Y/Y and market share slip 10 bps.

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Comments (1)
  • ebeuu
    , contributor
    Comments (382) | Send Message
    what were they thinking?
    25 Mar 2014, 12:57 PM Reply Like
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