Nissan, Honda plan to cut China factory capacity

Japanese automakers Nissan and Honda are reportedly planning to cut annual production capacity at their Chinese plants by about 30% and 20%, respectively. Nissan's capacity will drop from 1.6 million to 1.1 million vehicles, while Honda's will drop from nearly 1.5 million to around 1.2 million vehicles. The two companies have not yet responded to the news.