Honda cuts production
The company is reducing Civic production at its Swindon plant by 22,000 cars between December and March – a reduction of 10%. Despite cutting workers' hours, company officials say they hope to retain all current staff at the plant.
The news comes shortly after Nissan announced that it would be reducing production at its Sunderland plant, while Toyota, Ford, Vauxhall, Jaguar, Land Rover and Bentley have all announced reductions at their UK factories.
The car industry's struggles could be good news for new car buyers, however, with discounts increasing as manufacturers try to move stock.