The Philippine unit of Honda Motor Co Ltd said on Saturday its producti...
FILE PHOTO: The Honda logo is seen during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Regis Duvignau
- The Philippine unit of Honda Motor Co Ltd said on Saturday its production facility will shut down next month, as the Japanese automaker struggles to shore up global automobile operations. 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.
In a statement, Honda Cars Philippines Inc said its production plant south of the capital Manila will cease operations next month. But automobile sales and after-sales services will continue through Honda's regional network. “To meet Honda’s customer needs in the Philippines for reasonably priced and good quality products, Honda considered efficient allocation and distribution of resources,” the company said.Honda Philippines’ manufacturing plant, which has 650 employees and associates, started operations in 1992. It makes BR-V and City passenger cars catering to local demand.
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