No-Deal Brexit: Production and Hachigo

no-deal brexit: Although the possibility of a no-deal Brexit still looms, Hachigo said the company's decision is not related to that possibility, stressing that it is instead part of a streamlining of production sites and capability, according to The Japan Times. The timing also coincided with the decision to change its Civic production base. As we need to boost the product lineup of electric vehicles in Europe, we've come to think that it will be difficult to manufacture such vehicles there due to competitiveness and other factors, Honda CEO Takahiro Hachigo told a news conference at the firm's headquarters in Tokyo. ; As environmental regulations are set to be strengthened in China, where the automaker has several production bases, Hachigo said more environmentally friendly models will be manufactured in China and exported to Europe in the future. Honda also said it will cease production at its plant in Turkey in 2021, which will result in the loss of 1,100 jobs in that country. Asked what will happen to the 3,500 workers at its Swindon plant in southern England, Hachigo said Honda will do what it can and that talks between management and employees began Tuesday. We will continue our business in the U.K. and Turkey, so we hope to keep building good relationships with both governments, Hachigo said. (news.financializer.com). As reported in the news.