Honda Cutting U.S., Canadian Production in Half


- October 30, 2011

Hon­da is cut­ting U.S. and Cana­di­an pro­duc­tion by half for the sec­ond time this year due to parts short­ages caused by three months of dis­as­trous flood­ing in Thai­land. The cuts will last from this Wednes­day until at least Novem­ber 10 as Hon­da seeks oth­er sources for micro­proces­sors that are made in Thai­land. Hon­da also announced quar­ter­ly prof­its that are down 56% in the wake of dis­rup­tions from the Japan­ese earth­quake and tsuna­mi in March.

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