TOKYO -- Honda Motor's major car parts supplier Ftech is to move its brake pedal production from Wuhan, China, to the Philippines amid the new coronavirus outbreak. Operations at the Wuhan factory have been suspended and are unlikely to resume soon.
If the coronavirus continues spreading, other companies are likely to follow Ftech's move. Numerous automakers and semiconductor companies from China and abroad have production bases in Wuhan. Due to the virus outbreak, many companies have extended the Lunar New Year holiday, which is likely to impact the international supply chain.