March 2, 2020 / 10:24 PM / 3 months ago

UPDATE 1-Honda to cut production at Japanese plants on sourcing concerns

(Adds company comment, changes sourcing)

March 3 (Reuters) - Japan’s Honda Motor Co Ltd said on Tuesday it will temporarily cut back local production due to difficulty in sourcing parts amid the coronavirus outbreak.

“Honda has slightly adjusted its production plan at the (two) plants in Saitama. The overall impact is limited,” a company spokesman told Reuters.

“For certain models, we are swapping originally intended trims to others and adjusting production to other models as needed,” the spokesman added, without providing further details.

Japan’s third-largest automaker has seen its profitability decline by more than half in the past two years, led by a series of quality-related issues.

Reporting by Ashwini Raj and Aby Jose Koilparambil in Bengaluru; Editing by Shailesh Kuber and Krishna Chandra Eluri

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