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Honda’s Thai factory to be shut for six months

Honda Motor Co is likely to be forced to keep its Thai factory shut for about six months due to severe flooding, a move seen affecting 3% of its annual global car output, Nikkei business daily has reported. Japan's third-largest car maker has suspended operations at its factory in central Thailand for weeks, with no sign of a restart. Honda believes it will have to replace most of its equipment and facilities that were submerged by floodwaters, the report said, citing a company executive. The half-year suspension would affect production of more than 100,000 vehicles, it said.