Honda to hold news conference, after news of United Kingdom cuts

Honda to hold news conference, after news of United Kingdom cuts

Honda said under the proposed restructure, the current role of its United Kingdom manufacturing business (HUM) as a global manufacturing hub may no longer be viable.

"I think Swindon's finished without Honda", she said.

According to multiple sources, including the BBC, The Japanese vehicle manufacturer will announce its intention to close its Swindon plant amid unfavourable trading conditions brought about by Brexit.

Honda said the move comes as it "accelerates its commitment to electrified cars". "This decision has been made on the basis of. global changes", Honda Senior Vice President for Europe Ian Howells told BBC Radio.

Its restructuring is aimed at adjusting its operations to reflect stronger demand in Asia and North America, Hachigo said.

"We still don't know what sort of changes Brexit will bring at this point", he said.

"We've always seen Brexit as something we'll get through, but these changes globally are something we will have to respond to".

Honda announced on Tuesday that it would shut its sole British plant by 2021, a decision the Japanese carmaker said was not related to Brexit but which Britain deemed deeply disappointing.

Honda makes its popular Civic model at the factory, 115 kilometres west of London, with an output of 150,000 cars per year.

Moon believes Trump is 'quite eligible for Nobel Peace Prize': Blue House
According to The Guardian , Abe was asked about the story in a parliamentary session, and he responded by issuing a non-denial. The Nobel Committee chooses the recipient of the prize in early October by a majority vote and then announces that choice.

But the announcement comes at a particularly hard time for the Welsh vehicle industry with nearly 400 voluntary redundancies expected at Ford in Bridgend, and the closure of Schaeffler in Llanelli, resulting in 220 job losses.

He tweeted: "They are clear this is based on global trends and not Brexit as all European market production will consolidate in Japan in 2021".

The EU-Japan Economic Partnership Agreement, in force since February 1, ensures that the bloc's 10 percent tariff on Japanese auto imports will be reduced to zero over the next 10 years.

Earlier this month, Nissan axed production of the X-Trail SUV in the Brexit-backing northeast city of Sunderland, despite government assurances over the consequences from the European Union exit.

"Car manufacturers have repeatedly warned the government about the threat Brexit poses to British industry", Stadler said, noting that Jaguar Land Rover had also scaled back its operations.

Honda said in 2018 it would shut its British operations for six days in April to help counter any border disruption from Brexit.

Nissan, Honda and a third Japanese car-maker, Toyota, together account for roughly half of the cars built in Britain.

Rebecca Long Bailey, shadow business secretary, said: 'This is devastating news, first and foremost for Honda employees and their families, but also for the jobs across the supply chain and the impact on the local economy in Swindon. "The timing of this announcement is based on decisions regarding the production location of the next-gen Civic", Honda spokeswoman Jessica Pawl wrote in an email.

Related Articles