Honda announces more production cuts

Although most Americans still feel as though the Big Three’s sales troubles are more closely tied to inferior products and dismal fuel economy ratings rather than a slumping economy, the latest news from Honda should change at least a few minds. Honda, the only major automaker in the U.S. not to offer an engine with more than six-cylinders, has announced further cutbacks.

Following a 30 percent decline in sales during the month of November, Honda announced that it will be cutting North American production by 119,000 units. That 119,000 is in addition to the 59,000 units the Japanese automaker has already wiped from its production schedule for the fiscal year ending March 31st, according to The Detroit News.

Honda is now calling for its full-year output to total 1.29 million vehicles, down from an originally scheduled 1.47 million unit production run.

Honda’s total cuts don’t quite match General Motors’ 250,000 million unit cut for Q1 of 2009, but it definitely shows that no automaker is immune from the current sales slump.