The relocation of the Honda car plant marks another phase in the end of Japan's love affair with industrial Britain
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Honda to shut plant in Britain, imperiling 3,500 jobsTOKYO (AP) — Honda said Tuesday it plans to close its car factory in western England in 2021, imperiling 3,500 jobs in a fresh blow to the British economy as it faces its March 29 exit from the European Union. The Japanese automaker announced the decision at a news conference in Tokyo, where Honda's president and CEO, Takahiro Hachigo, told reporters the decision was based on what made most sense for its global competitiveness in light of the need to accelerate its production of electric vehicles. Brexit was not the main factor behind the decision, he insisted.
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Breakingviews TV: Brit and runCarmaker Honda is closing its only British plant – though not because of Brexit. Honda’s facility was the weak link in a surprisingly strong industry, Liam Proud explains. Yet stronger operators are at risk too from the potential loss of trade ties...
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Honda Will Shut U.K. Plant, Blaming Market Necessity, Not BrexitHonda Motor of Japan said Tuesday it will close its manufacturing plant in Swindon, England, as part of a global restructuring plan to meet the challenge of electrified vehicles.
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Honda CEO says decision to end production in UK not Brexit relatedHonda Motor Co's decision to end production in Britain was not related to B...
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Honda to close only British factory, says move not Brexit relatedHonda Motor announced on Tuesday it would shut its sole British plant by 2021, a...
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Walmart earnings; HSBC warnings; Honda and BrexitToday’s top business headlines with ChristineRomans: - Investors looking to US-China trade talks - US-China trade talks continue this week - Auto industry warns tariffs would be costly for consumers - Netflix cancels its last two Marvel TV shows
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Get Brexit sorted out, UK business minister says after Honda plant decisionThe United Kingdom must urgently end the uncertainty over its exit from the Euro...
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