Honda halts UK production due to parts shortage
By Nick Carey LONDON (Reuters) - Honda Motor Co Ltd said on Wednesday it had temporarily halted production at its British factory because of transport-related delays that have cause a shortage of parts. 'The situation is currently being monitored with a view to re-start production as soon as possible,' Honda said in a statement.
By Nick Carey
LONDON (Reuters) - Honda Motor Co Ltd said on Wednesday it had temporarily halted production at its British factory because of transport-related delays that have cause a shortage of parts.
"The situation is currently being monitored with a view to re-start production as soon as possible," Honda said in a statement.
A spokesman declined to say whether the issue was related to Brexit.
The Japanese automaker produces the Civic car at its plant in Swindon in southern England. The factory built just under 110,000 cars last year but is due to close permanently next year.
Talks between Britain and the European Union to strike a free trade deal by the end of the year have been unsuccessful so far, with companies warning about the risk of severe disruption if there is no agreement.
Transport between Britain and mainland Europe is likely to face some disruption even if there is an agreement before transitional arrangements expire at the end of the year.
Carmakers in Britain have bolstered supplies of parts to keep production going in the event of supply bottlenecks at ports, or have been securing additional supply routes before the end of December.
Bentley, the luxury carmaker owned by Volkswagen, has booked five Antonov cargo jets to help overcome potential supply problems in the event of a disorderly Brexit.
(Reporting by Nick Carey; Editing by Mark Potter)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
(Reuters) -Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported on Thursday.
FRANKFURT (Reuters) - Daimler is starting the year with optimism after a strong finish to 2020, Chief Executive Ola Kaellenius said on Thursday, adding that sales in the fourth quarter had continued the strong trend seen in the preceding three months.
By Laura Sanicola NEW YORK (Reuters) -Oil prices edged higher on Thursday, hitting 11-month peaks as markets remained focused on Saudi Arabia's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political unrest in the United States. Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West.