Japanese automakers Toyota Motor Corp. and Honda Motor Co. are cutting U.S. production even more as auto sales are forecasted to drop significantly in 2009.
Honda U.S. production will drop by 56,000 cars this year to 1.17 million vehicles in the year ending March, Bloomberg reported.
Toyota is making production cuts by expanding the number of non production days at its plants. By April or May the company wishes to halve its current inventory levels and announced that non production days will vary from plant to plant, depending on the products and inventory levels.
Nissan Motor Co. said Thursday it will cut its U.S. production by an additional 64,000 vehicles in February and March. The same day, General Motors slashed its U.S. sales forecast saying it expected U.S. total vehicle sales of 10.5 million in 2009.