trending Market Intelligence /marketintelligence/en/news-insights/trending/4cia61_oXs45X48Hz0gLRQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Honda to shutter Swindon plant in the UK for six days after Brexit

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Honda to shutter Swindon plant in the UK for six days after Brexit

Honda Motor Co. Ltd. said it will shutter its Swindon plant in the U.K. for six days in April to cope with any possible supply disruptions after the U.K.'s exit from the EU on March 29, Reuters reported Jan. 10, citing a company statement.

The Japanese automaker, in anticipation of delays in delivery of parts at the border between the U.K. and continental Europe after Brexit, reportedly said the closure would help "facilitate production recovery activity" at the site.

According to a September 2018 BBC Radio 5 Live report, Ian Howells, Honda's senior vice president for Europe, forecast that any Brexit-related disruption would be short-lived and reaffirmed the company's commitment toward its Swindon operations.

However, Howells reportedly also said a no-deal Brexit would cost Honda "tens of millions of pounds in additional tariffs."