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Honda Motor dropped 1.65% in the US stock market, and it announced a large-scale layoff in China and the suspension of operation in three factories.
On September 11, Honda Motor (HMC.US) fell 1.65% to $30.33. In terms of news, Honda Motor is undergoing a series of strategic adjustments in China. The company has decided to reduce job positions in China and suspend production activities in its three factories in China to reduce inventory and optimize production capacity.
Pre-market trading highlights: CPI falls for the 5th consecutive month, market focuses on Huang Renxun's speech on Wednesday.
On September 11, Grall's newsletter reported that after the CPI data was announced, the short-term performance of the three major U.S. equity index futures declined, with NASDAQ futures down 0.38%, S&P 500 index futures down 0.41%, and Dow Jones futures down 0.59%.
Honda Motor Extends Suspension of Some China Production After Job Cuts
Honda Halts Production at Three Plants in China, Cuts Jobs - Report
Honda Motor (HMC.US) is laying off a large number of employees in China, with three factories temporarily suspending operation to accelerate the electrification transformation.
Honda Motor is undergoing a series of strategic adjustments in China to respond to market changes and accelerate its electrification transformation.