Global Carmakers Brace for Production Cuts on Chip Shortage

A Honda vehicle assembly line in Alliston, Ontario, Canada. Carmakers around the world are planning to scale back production after an export freeze on a Chinese semiconductor company based in Netherlands threatened to disrupt the industry’s supply chains. Most Read from Bloomberg Honda Motor Co. said it has cut or suspended production this week at some plants in North America as a countermeasure to the chip shortage, which stems from China blocking Nexperia BV — owned by Chinese company Wingtech Technolo ...