Mexican Media Brands
Honda U.K. to Stockpile Cars Ahead of Brexit
Honda Motor Co. is accelerating production in England to build inventories ahead of expected shipping delays when the U.K. exits the European Union in March.
#labor #economics
Share
Honda Motor Co. is accelerating production in England to build inventories ahead of expected shipping delays when the U.K. exits the European Union in March.
The company tells reporters that its assembly plant in Swindon will step up output of certain models to avoid disruptions caused by shipping and distribution issues. The facility makes Civic hatchback small cars.
Carmakers are bracing for problems even if the U.K. manages to avoid a “hard” Brexit that would impose tariffs and border inspections. Virtually all have warned that their British factories will be instantly disrupted if the government fails to leave the EU with no replacement trade agreement.
Honda announced earlier this month that it plans to suspend production at Swindon for six days in April to ride out anticipated supply disruptions.
RELATED CONTENT
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.
-
Marchionne Cancels Trip to Paris Auto Show
Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled a planned appearance at the Paris auto show on Thursday.
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.