Honda says will close U.K. car plant in 2021, Brexit not to blame

Honda Motor Co. said Tuesday it will close its British plant in 2021 as it faces severe competition in Europe for electric vehicles, citing a slowdown in its business on the continent.It said the decision, at a cost of 3,500 jobs, is not due to uncertainty over the terms of Britain's planned March departure from the European Union, rather that it is shifting focus to producing competitive green-energy vehicles in its key markets of the United States and China."We determined that it is difficult to enhance our lineup of electrified vehicles in Europe with locally produced products in the reg…READ FULL ARTICLE