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Honda Agrees To Sell British Car Plant To Logistics Giant Panattoni


Honda, which has been struggling in Europe, has stated the closure of the plant was not associated to Britain’s departure from the European Union but it surely wanted to focus actions in areas the place it expects to promote most vehicles.


The plant closer is expected to lead to 3,500 job losses.

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The plant nearer is predicted to result in 3,500 job losses.

Honda has agreed to promote its solely British automobile plant at Swindon in southern England to logistics big Panattoni, an organization spokesman stated on Saturday, as the brand new proprietor reportedly plans to make a big funding on the sprawling website.

The Japanese automaker, which builds a couple of tenth of the 1.5 million automobile output in Britain, made the choice two years after it introduced its intention in 2019 to stop manufacturing at its Swindon plant. The plant nearer is predicted to result in 3,500 job losses.

Also Read: Honda Temporarily Cutting Production At All U.S., Canada Plants​

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Honda has agreed to promote its solely British automobile plant at Swindon in southern England to logistics big Panattoni

Honda, which has been struggling in Europe, has stated the closure of the plant was not associated to Britain’s departure from the European Union but it surely wanted to focus actions in areas the place it expects to promote most vehicles.

Panattoni stated it was making a 700 million kilos ($965 million) funding in its logistics-related growth, with the goal of making new jobs, as soon as Honda completes decommissioning of the plant that builds its Civic hatchbacks, doubtless subsequent spring, the Financial Times reported earlier.

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The newest transfer adopted selections by electronics companies Sony and Panasonic to maneuver their headquarters to the EU from Britain, whereas Hitachi has shelved a nuclear energy mission in Britain amid Brexit.

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