Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
by Staff Writers
New York (AFP) Nov 26, 2012
Honda chief executive Takanobu Ito wants to boost the Japanese carmaker's exports from the United States to counterbalance the effects of the strong yen, he said in an interview published Monday.
"Our US plants export just 6% to 7% of production. But they should be able to do more than that," Ito told the Wall Street Journal.
"If there's enough demand from other regions for larger vehicles, then closer to 20% is conceivable," he added.
While the yen has eased from record highs hit last year, its continued strength makes exports from Japan more expensive, and Ito said Honda was not likely to ramp up overseas shipments from its domestic plants.
"The old structure of relying on Japan as chief export platform was unnatural," he said.
Honda, Japan's third biggest automaker, currently exports five models from the United States -- the Accord and Civic sedans, the Pilot and MDX sport utility vehicles, and the Odyssey minivan.
Last year, it exported 55,000 vehicles from North America.
Also last year, the company suffered production delays triggered by the quake-tsunami disaster in Japan and record flooding in Thailand. This year, it returned to full production.
Car Technology at SpaceMart.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|