Honda's Latest Production Cuts Could Be a Warning to Automakers
Carmakers have had a rough time as of late. Not only have most automotive stocks tumbled this year, but it seems that they're hardly catching any breaks when it comes to getting production back to pre-COVID levels.
The latest sign that things still aren't back to normal yet comes from Honda (NYSE: HMC) recently saying that it's cutting production in Japan for some of its most popular vehicles. The reduction comes as Honda faces ongoing supply chain issues and a semiconductor shortage -- and it should serve as a warning to other automakers.
Image source: Honda.
Source Fool.com
