DETROIT (Reuters) - Honda Motor Co (7267.T: Quote),
maker of the best-selling Civic compact car, expects that within two
years it will export more cars and light trucks built at its seven North
America plants than it imports from Japan and that those factories will
take on a larger role in global product development.
The Japanese automaker said in a statement on Wednesday that at
the same time, operations in North America would assume a "larger
responsibility for the introduction of global automobiles sold in
multiple countries."
Honda began exporting vehicles from the United States in 1987.
The company said it expects those exports to reach about 100,000 Honda
and Acura vehicles this year.
Over the last two years, Honda has poured more than $2.2 billion
into its North American operations. Its production capacity in the
region will increase 18 percent to 1.92 million vehicles annually by
2014.
Due to the additional production capacity, annual exports of
Honda and Acura vehicles are expected to "far surpass" Honda's export
record of 105,511 set in 1994, the company said.
(Reporting By Deepa Seetharaman)
Source;
http://ca.reuters.com/article/businessNews/idCABRE8B502620121206
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