Mexican Media Brands
Honda to Suspend Output in U.K. for 6 Days after Brexit
Honda Motor Co. is the latest carmaker to announce plans to halt production in the U.K. immediately after Britain leaves the European Union at the end of March.
#economics #labor
Share
Honda Motor Co. is the latest carmaker to announce plans to halt production in the U.K. immediately after Britain leaves the European Union at the end of March.
The six-day suspension will enable the company to stockpile imported parts for its Swindon plant in England to offset an expected disruption in its normal supply chain when the current duty- and friction-free trade agreement with the EU ends.
Carmakers are bracing for a “hard” Brexit, which would introduce tariffs as great at 10% and impose customs inspections that are likely to create short-term disruptions to their usual just-in-time supply system.
BMW, Jaguar Land Rover, Mini, Nissan and Toyota all have warned of temporary shutdown or eventual plant closures if the continuing cost of importing components to their British factories rises significantly because of Brexit.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.