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After Britain, Honda announced that it would close its Turkish car plant in 2021.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)04/09 Report--

In February, Honda announced that it would close its UK plant in 2022, and now Honda will close its Turkish car plant in 2021, following in the UK.

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Honda announced on April 8th that it would provide re-employment and other support to about 1100 employees after the closure of its factory in Turkey in 2021. Honda's sales business in Turkey will be maintained. Due to the fierce competitive environment, the production base of pure electric and hybrid vehicles, which are seen as a source of future profits, plans to move from Europe to Japan and China.

Honda mainly produces Civic models at its Turkish plant, which produces about 38000 cars a year, although the plant accounts for less than 1 per cent of the European region.

In February, Honda decided to close its car manufacturing plant in Swinton in southwest England in 2022, which will directly lead to the unemployment of 3500 employees at the plant and deal a blow to the British government's goal of "maintaining good domestic manufacturing" after Brexit. Honda's UK plant mainly produces Civic five-door hatchbacks and CR-V crossovers, which are exported to countries and regions around the world, most of which are exported to continental Europe.

Honda sold 5.265 million vehicles worldwide in 2018, down 0.6 per cent from a year earlier. In China, Honda had 1.4323 million vehicles in 2018 due to the outbreak of the "throttle", down 1.7 per cent from the same period a year earlier. Honda reported a 40 per cent year-on-year drop in operating profit to $1.54 billion, a 71 per cent drop in net profit to $1.53 billion and a slight increase in sales of 0.4 per cent to $36.01 billion.

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