Honda to cut auto output capacity in China for 1st time on weak sales

Honda Motor Co. will reduce its annual car output capacity in China by 50,000 units amid struggling sales, an official said Thursday, its first such cut in the Asian nation that has served as the automaker's largest production base.Honda has been capable of producing 1.49 million units per year in China. While planning to increase production of electric vehicles by 240,000 cars, the automaker will shed 290,000 units, mainly gasoline-powered cars, pushing down its overall output capacity of four-wheel vehicles.The Japanese carmaker will halt production at one plant each of GAC Honda Automobi…READ FULL ARTICLE