Honda will close U.K., Turkey plants in restructuring move

  1. Welcome to GM Inside News Forum – General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Results 1 to 7 of 7

Thread: Honda will close U.K., Turkey plants in restructuring move

  1. #1
    6.2 Liter LS9 Supercharged V8
    Join Date
    Apr 2005
    Posts
    8,856
    Thanks
    1,084
    Thanked 1,636 Times in 944 Posts

    Honda will close U.K., Turkey plants in restructuring move

    Article from Automotive News. https://www.autonews.com/automakers-...ructuring-move

    TOKYO – Honda Motor Co. will shutter assembly plants in England and Turkey by 2021 as the automaker pushes toward electrification and confronts changing trends in trade relations.

    The global restructuring move comes amid uncertainty about Britain’s so-called Brexit withdrawal from the European Union and the implementation of a new free trade pact between Europe and Japan.

    Honda CEO Takahiro Hachigo announced the move Tuesday at the company’s global headquarters in Tokyo.

    The production overhaul has nothing to do with Brexit and the decision was timed was planned to coincide with the end of the current Civic's lifecycle, Hachigo said. It is part of a wider adjustment of Honda’s global production base to improve efficiency and better tailor product to local markets, he said.

    "We have decided to carry out this production realignment in Europe in light of our efforts to optimize production allocation and production capacity globally as well as accelerating electrification," Hachigo said. "We have made this announcement today due to the timing for deciding on a production base for the next Civic. So, this decision has nothing to do with the Brexit."

    Honda has global production capacity for 5.4 million vehicles, but it sold only 5.24 million vehicles last year, giving it a utilization rate around 97 percent. After the changes, Honda’s global capacity will be trimmed to 5.1 million vehicles and the utilization rate will exceed 100 percent through overtime, Hachigo said.

    Honda's Europe boss, Ian Howells, said the automaker will focus its investments on China, the U.S. and Japan. "This is not a Brexit-related issue for us. This decision has been made on the basis of global changes," Howells told BBC Radio.

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #2
    3.6 Liter SIDI V6
    Join Date
    Jun 2018
    Posts
    1,090
    Thanks
    624
    Thanked 759 Times in 406 Posts

    Re: Honda will close U.K., Turkey plants in restructuring move

    Getting out of Turkey is arguably advisable now regardless of profitability issues.

  4. The Following User Says Thank You to SVT74 For This Useful Post:

    Neanderthal (02-23-2019)

  5. #3
    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
    Join Date
    Dec 2003
    Location
    Carlsbad Commiefornia
    Posts
    31,335
    Thanks
    5,725
    Thanked 8,104 Times in 3,928 Posts
    My Ride
    2013 Traverse | 2018 Fusion

    Re: Honda will close U.K., Turkey plants in restructuring move

    Quote Originally Posted by SVT74 View Post
    Getting out of Turkey is arguably advisable now regardless of profitability issues.
    Turkey is turning into the sick man of Europe

  6. Remove Advertisements
    GM Inside News
    Advertisements
     

  7. #4
    YEH
    YEH is offline
    6.2 Liter LS3 V8
    Join Date
    Jan 2009
    Posts
    3,875
    Thanks
    73
    Thanked 543 Times in 316 Posts

    Re: Honda will close U.K., Turkey plants in restructuring move

    ^ Wjle wouldn't invest further in Turkey due to the political situation there w/ Erdogan, Honda's pullout has more to do w/ declining European sales.

  8. #5
    R2-D2 Astromech Droid Premium Member Neanderthal's Avatar
    Join Date
    Nov 2004
    Location
    A sunny cave in Transylvania
    Posts
    35,293
    Thanks
    9,770
    Thanked 8,000 Times in 4,803 Posts
    My Ride
    17 Soul&/01 PT LTD/15 JD130

    Re: Honda will close U.K., Turkey plants in restructuring move

    When I was driving Civics, I thought it quite interesting that the hatch was built in Swindon, England. Weird.
    2017 Soul &, Titanium

    Nearly all men can stand adversity, but if you want to test a man’s character, give him power.--Unattributed

    "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."--Benjamin Franklin

    "The freedom of Speech may be taken away, and, dumb and silent we may be led, like sheep, to the Slaughter."--George Washington

    Hidden Content

  9. #6
    6.2 Liter LS9 Supercharged V8
    Join Date
    Aug 2009
    Location
    England
    Posts
    7,735
    Thanks
    744
    Thanked 2,535 Times in 1,912 Posts
    My Ride
    VW Touareg 3.0 V6 TDI

    Re: Honda will close U.K., Turkey plants in restructuring move

    Quote Originally Posted by Neanderthal View Post
    When I was driving Civics, I thought it quite interesting that the hatch was built in Swindon, England. Weird.
    No wierder than BMWs being built in the USA and shipped to Europe

  10. #7
    R2-D2 Astromech Droid Premium Member Neanderthal's Avatar
    Join Date
    Nov 2004
    Location
    A sunny cave in Transylvania
    Posts
    35,293
    Thanks
    9,770
    Thanked 8,000 Times in 4,803 Posts
    My Ride
    17 Soul&/01 PT LTD/15 JD130

    Re: Honda will close U.K., Turkey plants in restructuring move

    Quote Originally Posted by Ruperts Trooper View Post
    No wierder than BMWs being built in the USA and shipped to Europe
    2017 Soul &, Titanium

    Nearly all men can stand adversity, but if you want to test a man’s character, give him power.--Unattributed

    "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety."--Benjamin Franklin

    "The freedom of Speech may be taken away, and, dumb and silent we may be led, like sheep, to the Slaughter."--George Washington

    Hidden Content

  11. Remove Advertisements
    GM Inside News
    Advertisements
     

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Ford To Cut Thousands Of European Jobs, Close Factories In "Major Restructuring"
    By Stéphane Dumas in forum Ford Motor Company Discussion
    Replies: 31
    Last Post: 01-21-2019, 01:42 AM
  2. Replies: 2
    Last Post: 08-05-2018, 05:53 AM
  3. Funds move to legally halt Chrysler restructuring
    By adplusone in forum Automotive Industry & GM News
    Replies: 15
    Last Post: 05-21-2009, 01:25 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2