Honda’s Turkey plant closure takes place in collapsing market
However, Honda’s January sales were down 40 percent as the overall market collapsed by 59 percent.
Honda said on Tuesday that it will close its assembly factories in Gebze, Turkey and Swindon, England, as part of a global restructuring to improve capacity utilization.
Honda said it will focus production on its higher volume regions of China, Japan and the U.S., where it would invest in new electrified cars.
Source: Auto News