Thai unrest spurs Honda unit to cut output and delay new plant


  • World
  • Thursday, 22 May 2014

BANGKOK (Reuters) - The Thai unit of Honda Motor Co has cut production at its Ayutthaya plant to 60 percent of capacity to reflect weak domestic demand, voicing concerns sales may fall short of its target this year after months of political unrest.

Thailand's auto sector, southeast Asia's biggest, is one of the more visible victims of the weakened economy and unrest which culminated on Thursday in army chief General Prayuth Chan-ocha taking control of the government in a coup.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

What if customers were rewarded for tipping their meal delivery drivers?
King Charles and UK royals to relinquish dozens of patronages
Interview: China's import expo unique opportunity for Egyptian firms: Egyptian business leader
Roundup: T�rkiye's iconic palace updates Chinese porcelain exhibition after renovation
U.S. stocks close higher
Floods kill 4 mountain climbers in northern Iraq
Crude futures settle lower
U.S. dollar ticks down
World food prices continue to rise in April: FAO
Death toll from ongoing heavy rains in Tanzania rises to 161

Others Also Read