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SVTPerformance's Chain of Restaurants
Road Side Pub
Frying Pan Into the Fire -- Chip Shortage
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<blockquote data-quote="Weather Man" data-source="post: 16799223" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3859555-honda-cuts-production-at-two-key-plants-in-japan-due-to-supply-issues?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Honda cuts production at two key plants in Japan due to supply issues</a></h3><p><a href="https://seekingalpha.com/symbol/HMC?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">HMC +1.22%</a>Jul. 22, 2022 7:44 AM ET<a href="https://seekingalpha.com/news/3859555-honda-cuts-production-at-two-key-plants-in-japan-due-to-supply-issues?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">1 Comment</a></p><p>Honda Motor Co. (NYSE:<a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC</a>) said it would <a href="https://www.reuters.com/business/autos-transportation/honda-cut-output-by-up-30-japan-plants-supply-snag-2022-07-22/" target="_blank">cut</a> planned production in Japan by up to <a href="https://www.reuters.com/business/autos-transportation/honda-cut-output-by-up-30-japan-plants-supply-snag-2022-07-22/" target="_blank">30%</a> in Japan due to persistent supply chain and logistical issues.</p><p>The Japanese automaker plans to reduce production at two lines at its Suzuka plant in western Japan by about 30% in early August versus previous plans. The assembly plant in Saitama prefecture will also cut back production by about 10% early next month.</p><p>Amid lingering COVID and supply chain issues, Honda adjusted its production plan back in May when it also forecast a return to normal in early June. Honda also warned that supply chain and inflation problems would lead to operating profit falling 7% during the fiscal year <a href="https://seekingalpha.com/news/3838486-honda-challenged-by-costs-increases-cautions-on-full-year-outlook" target="_blank">even with pricing and sales higher.</a></p></blockquote><p></p>
[QUOTE="Weather Man, post: 16799223, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3859555-honda-cuts-production-at-two-key-plants-in-japan-due-to-supply-issues?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Honda cuts production at two key plants in Japan due to supply issues[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/HMC?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']HMC +1.22%[/URL]Jul. 22, 2022 7:44 AM ET[URL='https://seekingalpha.com/news/3859555-honda-cuts-production-at-two-key-plants-in-japan-due-to-supply-issues?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']1 Comment[/URL] Honda Motor Co. (NYSE:[URL='https://seekingalpha.com/symbol/HMC']HMC[/URL]) said it would [URL='https://www.reuters.com/business/autos-transportation/honda-cut-output-by-up-30-japan-plants-supply-snag-2022-07-22/']cut[/URL] planned production in Japan by up to [URL='https://www.reuters.com/business/autos-transportation/honda-cut-output-by-up-30-japan-plants-supply-snag-2022-07-22/']30%[/URL] in Japan due to persistent supply chain and logistical issues. The Japanese automaker plans to reduce production at two lines at its Suzuka plant in western Japan by about 30% in early August versus previous plans. The assembly plant in Saitama prefecture will also cut back production by about 10% early next month. Amid lingering COVID and supply chain issues, Honda adjusted its production plan back in May when it also forecast a return to normal in early June. Honda also warned that supply chain and inflation problems would lead to operating profit falling 7% during the fiscal year [URL='https://seekingalpha.com/news/3838486-honda-challenged-by-costs-increases-cautions-on-full-year-outlook']even with pricing and sales higher.[/URL] [/QUOTE]
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