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Honda's US Sales Fall In January

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TOKYO (Reuters) - Honda Motor Co's U.S. sales in January fell by a similar margin to the 35 percent drop posted in December, and it will take several months to bring inventory down to sound levels, its chief financial officer said on Monday.

Japan's No.2 automaker is planning to operate its factories in North America, Japan and Asia excluding China at just 60 percent of capacity in the final January-March quarter to work down bloated inventories amid sliding sales.

Read the whole story at Reuters