
Please try another search
TOKYO (Reuters) - Honda Motor Co (T:7267) on Tuesday said that it had furloughed workers at its U.S. plants which will be closed until May 1 as demand for cars in the country has plummeted due to the spread of the coronavirus.
A spokesman for Honda, which employs about 18,400 workers at plants in Alabama, Indiana and Ohio, said the Japanese automaker would guarantee salaries through Sunday, having suspended operations on March 23.
Operations at its Powersports plant in South Carolina which makes all-terrain vehicles (ATVs) have been suspended since March 26.
Automakers are facing a drop in sales in the United States, the world's second-largest car market, after some states barred car dealers from selling new cars while "stay at home" orders are in place.
Last week, Nissan Motor Co (T:7201) said it would extend its U.S. production suspension into late April. Toyota Motor Corp has halted its U.S. and Canadian production through April 17 (T:7203).
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.