Toyota, Honda Hit with More Production Cuts

The Detroit Bureau - November 6, 2011

Toy­ota and Hon­da have acknowl­edged that they’ll need to make more pro­duc­tion cuts in the wake of the flood­ing dis­as­ter in Thai­land. Both automak­ers source a vari­ety of key com­po­nents from Thai­land, most notably micro­proces­sors and oth­er elec­tron­ic goods. Toy­ota is reduc­ing its Japan­ese pro­duc­tion by 30% due to parts short­ages, plus more cuts in the U.S. and around the world. These cuts hit Toy­ota and Hon­da at a dif­fi­cult time, as the two col­lec­tive­ly lost over a mil­lion units of pro­duc­tion due to the Japan­ese earth­quake and tsuna­mi.