CNN: Thriving Ohio Honda plant gives people different view of car industry in U.S.

[ModerateRight]

Another interesting average American perspective, this time closer to the industry:

Thriving Ohio Honda plant gives people different view of car industry in U.S.

[MCGARRETT]

I can see where this is going....

[ModerateRight]

Originally Posted by MCGARRETT

I can see where this is going....

Yeah, I'm not sure I agree with the opinions in the article. If I were that close to the industry I would be very worried.

But still interesting to hear people's opinions.

[AMERICA 123]

Sometimes a little perspective is all it takes.

http://www.reuters.com/articlePrint?...41443020081120

UPDATE 1-Honda to cut another 18,000 units of US production
Thu Nov 20, 2008 1:41pm EST

LOS ANGELES, Nov 20 (Reuters) - Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) will cut another 18,000 units from its planned production in the United States in response to the downturn in industrywide auto sales, the company said on Thursday.

The latest production cuts mean Honda will have cut 50,000 vehicles from its planned U.S. production since August when its sales began to fall in the world's largest vehicle market.

[AMERICA 123]

http://business.timesonline.co.uk/to...cle5203818.ece

From Times Online
November 21, 2008
Honda to close Swindon plant for two months
Catherine Boyle

Honda, the Japanese carmaker, today said it will close its factory in Swindon for two months, leaving 5,000 workers without pay for February and March.

Today's move by Honda means that production in Swindon will be cut by a further 21,000, reducing overall output at the plant by 53,000. Honda's announcement follows similar inititatives in the UK by other carmakers, including Ford, who are struggling with spiralling sales.

Cash-strapped consumers are putting off large purchases such as cars as the economy shrinks and unemployment rises while cautious banks are unwilling to grant motor finance deals to borrowers.

Yesterday, Richard Lambert, the CBI Director-General, risked the wrath of Britain's biggest industry when he said that UK carmakers should not receive large American-style bailouts.

His comments to The Times come after the Society of Motor Manufacturers and Traders (SMMT) petitioned the Government for a range of support, including loans to the industry.

Fears are growing for the future of Vauxhall's Ellesmere Port plant because its parent, General Motors, could go under next month. The unions have called for £13 billion in state support for the industry.

Since the beginning of October, Toyota has halted the night shift at its Derby works, Ford announced it will move to a four-day week at its Transit van plant in Southampton until Christmas, and Land Rover did the same at its plant in Solihull. In Crewe, Bentley’s factory has moved to a three-day week.

[Stéphane Dumas]

Originally Posted by AMERICA 123

Sometimes a little perspective is all it takes.

http://www.reuters.com/articlePrint?...41443020081120

thanks for sharing those articles but unfortunately CNN, NBC,ABC,CBS, CBC, CTV, Fox won't mention this one.

[Gung_Ho]

Originally Posted by AMERICA 123

Sometimes a little perspective is all it takes.

http://www.reuters.com/articlePrint?...41443020081120

That's barely significant considering how many automobiles Honda produces.

The article states, "Honda now expects to build 1.41 million cars and trucks in North America in the fiscal year that ends next March, down from 1.43 million a year earlier."

[1G6]

They are happy to toil for their Japanese masters so long as the candy is sweet and the beer is cold.

Anna, Ohio. Georgetown, Kentucky. Princeton, Indiana. They'll suffer just the same as the rest of us when this country reaches the point that it's too hollowed out to feed the Asian machine any longer.

[Joe in T.O.]

Originally Posted by 1G6

They are happy to toil for their Japanese masters so long as the candy is sweet and the beer is cold.

Anna, Ohio. Georgetown, Kentucky. Princeton, Indiana. They'll suffer just the same as the rest of us when this country reaches the point that it's too hollowed out to feed the Asian machine any longer.

Brutal truth.