Honda to cut North American production, worker pay

Newswire

* Honda to cut North American output by 62,000 vehicles * Plants to be idled for 13 days between May and July * Will offer buyouts and early retirement WASHINGTON, March 31 (Reuters) - Honda Motor Co Ltd said on Tuesday it would cut production in North America by 62,000 vehicles by shutting down factories for 13 days starting in May and said it would cut pay for salaried and factory workers. The Japanese automaker, which like its rivals has been hit by the sharp downturn in auto ...

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