After Toyota, Honda is the next Japanese carmaker to announce significant production cuts at its North American plants due to component shortages caused by three months of disastrous flooding in Thailand.
And is the case with Toyota, the production cuts for Honda come just as the company was recovering from the effects of the March earthquake and tsunami.
Honda said that as the flooding in Thailand continues, a number of its suppliers in Asia are currently unable to maintain parts production to its assembly plants in the U.S. and Canada.
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