US Stock Market Move | Honda Motor Co., Ltd. Sponsored ADR (HMC.US) rose more than 3% in pre-market trading. Its North American factories will resume regular production.

On Friday, Honda Motor Co., Ltd. Sponsored ADR (HMC.US) rose more than 3% in pre-market trading, reaching $29.39. According to reports, Honda Motor Co., Ltd. Sponsored ADR announced that it will gradually resume normal operations at its North American automotive assembly plants starting on November 24. This signals that the production disruptions caused by the shortage of Nexperia semiconductor chips are gradually easing. Previously, due to the chip shortage, Honda Motor Co., Ltd. Sponsored ADR suspended production at its Mexico plant on October 28 and adjusted production plans at its U.S. and Canadian plants starting from October 27. On November 18, a spokesperson for Honda Motor Co., Ltd. Sponsored ADR stated that the company has ensured a certain amount of chip supply by seeking alternative components. When asked if Nexperia has resumed supplying Honda Motor Co., Ltd. Sponsored ADR, the spokesperson indicated that inquiries regarding this matter should be directed to Nexperia. However, the spokesperson added that due to the current uncertainty, the plans to resume regular operations next week may still change.