Printer Friendly

Honda to start operating factory in Argentina in 2011.

TOKYO, Nov. 9 Kyodo

Honda Motor Co. will start producing compact cars in Argentina during the first half of next year in a bid to boost sales in South America, officials of the company said Tuesday.

The second-largest Japanese automaker last year postponed the opening of the factory in Buenos Aires amid growing concerns that the financial crisis could drag down car sales in Latin America.

But the firm has decided to start turning out vehicles in Argentina as car sales in the region are recovering and will likely continue increasing down the road.

Honda plans to invest 16 billion yen, and the plant is expected to start with an annual capacity of 30,000 units.

The company, which has already set up a factory in Brazil, aims to export its cars to other countries in South America in the future.
COPYRIGHT 2010 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Transportation Scan
Geographic Code:3ARGE
Date:Nov 15, 2010
Words:141
Previous Article:Japanese editorial excerpts -2-.
Next Article:JAL eyeing forcible dismissal of pilots, cabin attendants.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters