Honda warns of looming vehicle shortage
Earthquake blamed for parts shortage
Honda Motor Co. is warning U.S. dealers that it will run short of several popular models this summer due to parts shortages from the earthquake in Japan.
Honda tells dealers that production of a new version of the popular Civic compact will be significantly cut, leading to shortages through the summer.
The company also said the fall launch of a redesigned CR-V small SUV will be delayed by at least a month in the fall. Honda said it will continue to build the 2011 version.
Both the Civic and CR-V are made in North America, where Honda has been forced to cut production due to parts shortages.
The company also said Japan-built models such as the Fit subcompact will be affected, as will several Acura models.
Toyota warned earlier
Last moth Toyota Motor Corp. warned also warned its U.S. dealers that it could face a shortage of new vehicles by the summer, as the effects of the Japanese earthquake hampered auto production.
The company warned its dealers in an internal memo that was obtained by the Wall Street Journal.
The report suggested that the shortage caused by the March 11 earthquake and tsunami would last into the third quarter.
The company also outlined supply issues and further cuts in production stemming from the disaster, which has shut down many suppliers and forced Toyota to halt production in Japan for nearly a month, the Wall Street Journal said.
(With files from the Associated Press)