Honda to halt UK production due to supply issues

Japanese automaker Honda says it will be shutting down its UK factory next week due to the effects of a global semiconductor shortage.

The company also cites supply chain issues related to the coronavirus as a factor behind the decision.

Officials say they plan to resume production at the plant in Swindon, England next Friday.

The lack of semiconductor supplies is proving to be a big problem for the auto industry. It has already forced Honda to reduce production at plants in Japan and the US.

Its rivals are also feeling the hurt. Toyota has announced it will be cutting output in the US, while Nissan says it will be reducing production in Japan.