Honda slashes production in Thailand by 40 percent
May 24, 2014, 12:05 am TWN
TOKYO--Honda Motor said Friday it has cut production in its Thai plant by 40 percent, blaming a drop in demand, the day after the country's army chief seized power in a military coup.
“We have cut the volume of production to 60 percent of the plant's annual capacity of 300,000 units, as we forecast a fall in demand,” a Honda spokeswoman told AFP.
“But this decision is not rooted in the political uncertainty in the country,” she added.