DISASTER IN JAPAN
1:51 pm U.S. ET, April 7 2011
Honda's North American plants will likely be operating at sharply reduced output for as long as three months as the auto industry struggles to rebuild supply lines following the earthquake in Japan, the automaker's top U.S. sales executive warned. John Mendel, American Honda Motor Co. executive vice president, said today he foresees parts shortages having an impact on the automaker's North American plants for “60 to 90 days ... that's my working number for now.”
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