Honda chief eyes more exports from US

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.

"Our US plants export just 6 percent to 7 percent of production. But they should be able to do more than that," Ito told the Wall Street Journal on Monday.

"If there's enough demand from other regions for larger vehicles, then closer to 20 percent 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.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • What can void a new car warranty? James Deakin - Wheel Power
    What can void a new car warranty?

    "I was denied warranty once for changing my horn!" One very annoyed reader wrote. "I was told that placing a backup camera will void my warranty" said another. The others are best left in my private inbox as Yahoo! have a swear jar in the office that I do not feel like donating this week's pay to. Continue reading → …

  • Docu exposes destruction of PH marine resources VERA Files - The Inbox
    Docu exposes destruction of PH marine resources

    By Kiersnerr Gerwin B. Tacadena, VERA Files “Gutom (hunger),” Sen. Loren Legarda said is what’s in store for the Filipino people if destruction of the country's marine resources is not stopped. Legarda, chair of the Senate committee on Environment and Natural … Continue reading → …

  • ‘Yolanda’ fiberglass boats modern-day Noah’s ark VERA Files - The Inbox
    ‘Yolanda’ fiberglass boats modern-day Noah’s ark

    By Jane Dasal, VERA Files If you want to save the earth, build a boat. That's what a group of environmentalists is saying, especially if you want to save both the forests and fishermen affected by supertyphoon “Yolanda” (Haiyan). “Haiyan … Continue reading → …

POLL
Loading...
Poll Choice Options