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Honda's Japan output falls 60% below plan amid chip shortages
short by Hiral Goyal / on Saturday, 18 September, 2021
Honda Motor has said that its production lines in Japan are operating at about 40% of its initial plan for the August-September period. The Japanese automaker cited chip shortages and delays in parts shipments due to coronavirus outbreaks overseas as reasons for low output. Earlier, the world's biggest carmaker Toyota said that it's cutting annual production target by 300,000 vehicles.
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