Honda to halve engine production capacity at southern China plant

Honda Motor Co. is planning to halve its engine production capacity at a plant in the southern Chinese city of Guangzhou amid its struggle to cope with a rapid shift to electric vehicles in the country, officials of the automaker said Monday.The planned cut in output at the Guangzhou factory of Dongfeng Honda Engine Co., a joint venture with a local automaker, would impact about 30 percent of the Japanese automaker's gasoline-powered vehicle sales in China, they said.Honda will slash its engine production lines from two to one at the plant at the end of this month to halve its engine assemb…READ FULL ARTICLE