saw this article released yesterday:
http://uk.reuters.com/article/companyNe ... 8T20081217
"Honda had been expected to weather the storm better than other global automakers thanks to its fuel-efficient fleet, but demand for cars has shrunk indiscriminately since the Lehman shock of September, piling up inventory despite production cuts."
Also Honda getting out of Formula 1 racing. Too expensive and they hadn't done well anyway. Can you imagine an average F1 team has about 1,000 employees? I guess since Honda supplies all the engines for IRL they're still there.
IRL info here:
http://www.indystar.com/article/2008120 ... 2/SPORTS01