The Presidential Daily Brief


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    Honda Will Shutter Its Only UK Plant

    It’s hitting the brakes. While Britain’s preparing for a potentially messy divorce from the European Union, the Japanese carmaker announced today it’ll pack up its only factory in the EU by 2021. While Honda said its decision is unrelated to Brexit — the company’s also cutting production in Turkey — the move is a symbolic blow to the British economy. Responsible for producing some 150,000 Honda Civics each year for export to 70 countries, the plant employs 3,500 people.

    Is anyone else calling it quits? Honda rival Nissan recently announced it would cut production at its U.K. plant, while top British carmaker Jaguar Land Rover is scaling back its global workforce by 4,500.

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