Honda (9267 JT) has suspended its operations at its Guadalajara Mexican plant over cartel rampage, FT reports
Newsquawk Staff ·
Honda (9267 JT) has suspended its operations at its Guadalajara Mexican plant over cartel rampage, FT reports.
What it means
Honda's suspension of operations at its Guadalajara plant highlights escalating cartel violence, which could disrupt supply chains and impact the manufacturing sector. This situation may have wider repercussions, particularly for businesses reliant on stability in the region, and could drive investors towards safe-haven assets like gold or the USD as uncertainty grows.
Sources
- LG Electronics (066570 KS) Q3 (KRW) net 663.2bln (exp. 551.0bln), oper. income 781.9bln (prelim. 781.8bln), rev. 23.82tln (prelim. 23.83tln)
- China rushes to shore up struggling markets with the ‘National team’ of funds and brokers buying stocks as investors turn away from AI trade, according to FT
- China's CXMT (688825 CH) plans to begin small-scale production of HBM3E within the next two months
- Rio Tinto (RIO AT) proposes a 56% target pay jump for its CEO
- Hindustan Unilever (HUVR IS) Q2 (INR) net 28.4bln (exp. 27.3bln), rev. 174.0bln (exp. 166.8bln)
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