Honda NorthAm production to increase in 4Q

Japanese automaker Honda expects to boost its North American production in the fourth quarter as access to auto parts improves.

The region's auto industry has been hit by transportation issues and parts shortages, the company's vice president of automotive sales for American Honda Motor Mamadou Diallo said.

"Now, the pipeline is getting stronger with the expectation that increased production in the fourth quarter will support important upcoming all-new model introductions, like the CR-V, CR-V Hybrid and Pilot," Diallo said.

September was Honda's American division best sales month since May with over 79,000 vehicles sales, partly because of an improving situation in the supply of parts. Honda operates plants the produce autos and parts across the US, Mexico and Canada.

For the fiscal third quarter ending in September, Honda's American sales were at 222,000 vehicles, down by 36pc compared from 346,000 vehicle sales a year earlier.

Year to date through September, Honda has sold 728,000 vehicles in the region, down by 38pc compared with the 1.18mn vehicles sold in the same period of 2021, which also saw parts shortages lower vehicle production rates.

By Rye Druzin