What Economic Recovery? Honda to slash North American production, Toyota cutting work hours

Honda wants to cut north American production by 50%, and they’re blaming the latest flooding in Thailand.

Output at all six of its factories in the United States and Canada will be cut in half from November 2 through 10.  Also, they will stop all production in North America for one day on November 11.

Toyota announced they will cut overtime hours at all 13 north American factories, again because of a lack of parts caused by flooding in Thailand.