Japan's Troubles Mount: Plant Closings, Job Cuts, and More

As Slump Spreads, Honda, Nissan, Toyota Taking Pages from Detroit Three Playbook in Effort to Reverse Flow of Red Ink

Long seemingly immune from the routine ups-and-downs of the American market, Japanese automakers are suddenly facing some of the same problems as their Detroit Three rivals. In recent weeks, even the most powerful of the Asian makers, such as Toyota and Honda, have seen their sales tumble, a situation worsened as the automotive slump spreads around the globe.