TOKYO -- Honda Motor Co. is cutting production in North America and Japan by another 50,000 vehicles in an effort to match rapidly shrinking demand.
The move slashes projected North American output to 1.264 million units for the fiscal year ending March 31. Thats 12 percent lower than the previous year and 13.9 percent below Hondas initial forecast of 1.468 million vehicles this year.
The North American production cuts will hit Hondas plants in Ohio, Alabama and Ontario, the company said in a January 27 release. Ohio will scale back production by 14,000 units, Alabama by 6,000 and Ontario by 9,000. The cuts will come through non-production days and the slowing of lines.
Honda is not planning any related job cuts.
In Japan, the carmaker is cutting output by 21,000 units at its Yachiyo facility that makes minicars. That will bring domestic production to 1.147 million units this fiscal year.
The new total is down 12 percent from a year ago and down 12.4 percent from Hondas original target of making 1.31 million vehicles at home.
E-mail Hans Greimel at [email protected]