Honda to Cut Production of Civic and Other Models
Honda Motor Co warns U S dealers of parts shortages from Japan quake will curb production of the 2012 Civic and CR V through summer and fall and may delay other models while North American plants continue to operate.
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Auto makers shift gears as shortages bite North America
GM Ford and Hyundai push to normalize overall production by year end amid tighter supplies. Honda halts orders for some paint colors due to a Japan pigment shortage while slowing U S and Canadian output. Toyota faces electricity outages at a Huntsville engine plant. other plants report differing impacts on Tundra, Tacoma, and Sequoia production.
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Rigs rise in US oil field activity to 1836
U S weekly rig count climbs to 1836 with Baker Hughes reporting 934 oil rigs and 890 natural gas rigs. Texas adds 12 rigs, Louisiana four, West Virginia two, and New Mexico and Pennsylvania one each. North Dakota and Oklahoma fall by one. Alaska Arkansas California Colorado and Wyoming unchanged. The 1981 oil boom peak was 4530 rigs.
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