Honda cutting production of Accords as buyers shift to SUVs
Honda is slowing production of Accord sedans as car buyers continue to favor SUVs and trucks. The Japanese automaker says it will temporarily idle a second-shift production line in August at its Marysville, Ohio, assembly plant. The shift is expected to resume production in several years. Honda says the line being shut down produces about 55,000 vehicles a year, most of which are Accords.
A company spokeswoman says that there will be no layoffs, but that Honda will offer voluntary buyouts to some employees. Honda says the reduction also will affect production at its engine and transmission plants in Ohio. Sales of the Accord this year are up 4.6 percent through March but fell nearly 10 percent last year. Trucks and SUVs have made up 70 percent of U.S. new vehicle sales this year.
Stories that may interest you
MGM Resorts International says it will no longer pursue buying Encore Boston Harbor from Wynn Resorts
David Lehman visited mills in Norwich, the local council of governments, the Naval Submarine Base and more.