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| Honda plans six-day shutdown post-Brexit | Honda plans six-day shutdown post-Brexit |
| (about 1 hour later) | |
| Honda UK has said it will shut down its Swindon factory for six days in April as part of its preparations for any disruption caused post-Brexit. | Honda UK has said it will shut down its Swindon factory for six days in April as part of its preparations for any disruption caused post-Brexit. |
| The Japanese-owned car giant said the move was to ensure it could adjust to "all possible outcomes caused by logistics and border issues". | The Japanese-owned car giant said the move was to ensure it could adjust to "all possible outcomes caused by logistics and border issues". |
| The firm said it would help in recovering lost production if shipments of parts were held up at borders. | The firm said it would help in recovering lost production if shipments of parts were held up at borders. |
| Honda employs about 3,400 people at its Swindon plant. | Honda employs about 3,400 people at its Swindon plant. |
| In a statement, the company said: "We are planning six non-production days in April 2019. This is to facilitate production recovery activity following any delays at borders on parts. | In a statement, the company said: "We are planning six non-production days in April 2019. This is to facilitate production recovery activity following any delays at borders on parts. |
| "These contingency provisions have been put in place to best mitigate the risk of disruption to production operations at the Swindon factory." | "These contingency provisions have been put in place to best mitigate the risk of disruption to production operations at the Swindon factory." |
| No deal 'not an option' | No deal 'not an option' |
| Meanwhile, Japanese car giant Toyota said it had "no contingency for no deal". | Meanwhile, Japanese car giant Toyota said it had "no contingency for no deal". |
| A Toyota spokesperson said: "We need a deal. We will have peak production in March because we have a new model, the Corolla. | A Toyota spokesperson said: "We need a deal. We will have peak production in March because we have a new model, the Corolla. |
| "There is no planned production stop. No deal is not an option for us. We operate lean manufacturing and hold hours of inventory at the plant." | "There is no planned production stop. No deal is not an option for us. We operate lean manufacturing and hold hours of inventory at the plant." |
| The spokesperson added that the firm could "increase this by hours or perhaps a few days but there is no contingency that can offset no deal and production lines would start or stop". | |
| Counting the cost | Counting the cost |
| Last year, the senior vice-president of Honda Europe warned that if the UK left the EU without a deal, it would cost his company tens of millions of pounds. | Last year, the senior vice-president of Honda Europe warned that if the UK left the EU without a deal, it would cost his company tens of millions of pounds. |
| Ian Howells told the BBC that quitting the bloc without an agreement would affect the carmaker's competitiveness in Europe. | Ian Howells told the BBC that quitting the bloc without an agreement would affect the carmaker's competitiveness in Europe. |
| He said the Japanese firm was preparing for a no-deal outcome, but had not discussed relocating its Swindon plant. | He said the Japanese firm was preparing for a no-deal outcome, but had not discussed relocating its Swindon plant. |
| The firm builds its Civic model in the UK for the global market. | The firm builds its Civic model in the UK for the global market. |