Honda halts production in Mexico due to chip shortage

Honda has announced the suspension of production at its facility in Mexico due to a shortage of semiconductor chips. This decision is linked to ongoing tensions between the Netherlands and China concerning Nexperia, a Dutch semiconductor manufacturer owned by Chinese investors.

The chip shortage has significantly impacted Western car manufacturers, as previously reported. The situation highlights the broader challenges faced by the automotive industry amid global supply chain disruptions.

For more information on related economic developments, see our coverage on the recent developments regarding interest rates.

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