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Thai flooding forces Honda to scale back production

Published by Steve Coleman on October 31, 2011

Three months of major flooding in Thailand have forced Honda to halve its Canadian and US factory production for the second time in less than a year.

The automaker announced Oct. 31 that problems securing microprocessors to replace the ones that would have been built in Thailand, the same day it announced quarterly profits fell 56 per cent because of the March 11 earthquake and tsunami in Japan.

Supply problems following the earthquake drove North American sales down 22.3 per cent for the quarter.

Employees will have the day off for Remembrance Day this year as the company shuts down its plants to compensate for the ongoing parts shortages.

A more detailed look at the situation can be found in the following Associated Press story.

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