J.D. Power Reduces Forecast for 2012 Auto Sales
Automotive News is reporting this week that auto-industry analysts J.D. Power and Associates has reduced its expectations for 2012 auto sales in the United States by about two percent, citing the possibility of an even deeper recession.
Honda Announces Plan to Halve Japanese Manufacturing
Reuters is reporting this morning that Honda Motor Company has announced that, in order offset the rising yen, it will be cutting its exports of Japanese-made vehicles by fifty percent over the next ten years.