This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7741269.stm
The article has changed 8 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Honda Swindon closing for 50 days | Honda Swindon closing for 50 days |
| (about 2 hours later) | |
| Honda has announced plans to cut production at its plant in Swindon, which will close for 50 days next year. | Honda has announced plans to cut production at its plant in Swindon, which will close for 50 days next year. |
| Honda said it plans to make 61,000 fewer vehicles in Japan and Europe as it struggles to cope with slowing global demand. | |
| It will make 21,000 fewer vehicles at the Wiltshire plant, home to the popular Civic model. | |
| The 50-day shutdown will mean the Swindon plant will close for the whole of February and March 2009. | |
| The company said that there are "no plans for redundancies" at the Swindon plant. | |
| The car maker had already announced plans to stop production at the plant for 13 days during the two months. The extension of this period means that no vehicles will be produced in Swindon during February and March. | |
| Dramatic cuts | |
| Earlier this year, Honda announced that it would cut output at Swindon by 32,000 units. With Friday's announcement of further production cuts, the Swindon plant will now produce 175,000 vehicles this financial year, down 23% from an original forecast of 225,000 vehicles. | |
| Friday's announcement also means that Honda will have reduced its overall global annual vehicle production by 140,000 vehicles. | |
| Tough economic conditions and banks' unwillingness to lend money mean demand for cars is slowing dramatically. | |
| In the US, General Motors, Ford and Chrysler are seeking a cash injection from the government after a collapse in sales. |