Photo Ic: Honda Dealership

photo ic: But the timing of the announcement about the plant, which came just 38 days before the scheduled Brexit, comes after a series of warnings from Japan that it would pull investments if they are no longer economically viable after Britain leaves the bloc, according to Global Times China. We had to consider the rise of electric vehicles and the different speeds at which electric vehicles will be taken up in North America and Europe, said Honda Chief Executive Takahiro Hachigo. Photo IC A view of the Honda dealership in London on Tuesday Photo IC Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over one month before the UK is due to leave the EU. The automaker, which builds more than one-tenth of the 1.5 million cars made in Britain, said the move was not related to Brexit and it needed to focus activities in regions where it expects to sell most cars after struggling in Europe. This decision was not informed by Brexit. The announcement came just over two weeks after bigger Japanese car maker Nissan canceled plans to build its X-Trail sport utility vehicle SUV in Britain. Honda, which builds its Civic in Britain and Turkey, said it would stop making the model in both countries. (news.financializer.com). As reported in the news.