You know it's bad when HONDA is looking for a bailout too

From the Wall Street Journal today:

 

You know it’s bad when Honda is asking for assistance from their government in Tokyo to fund their US operations. Maybe they can get in line for some US TARP money too.

 

 

Excerpt and link to article:

 

Honda said it is seeking a government loan to help shore up funds at its U.S. operations, becoming the latest Japanese auto maker to ask for Tokyo's help in doing business abroad. The development comes one day after the financial arm of Toyota, the world's largest auto maker by sales, said that it is in talks with Japan Bank for International Cooperation to line up financing.

 

http://online.wsj.com/article/SB123616606827228383.html