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Honda raises compact cars production on US demand

Honda raises compact cars production on US demand
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First Published: Wed, Feb 28 2007. 06 40 PM IST
Updated: Wed, Feb 28 2007. 06 40 PM IST
Bloomberg
Tokyo: Honda Motor Co., Japan’s second largest automaker, raised production to a record for January as it sold more Civic and Fit compact cars in North America.
Honda’s global production gained for 18th straight month, rising 12% in January from a year earlier, to 316,334 vehicles, the Tokyo-based company said on 27 February. Suzuki Motor Corp., Japan’s fourth-largest carmaker, built 208,645 vehicles, up 14%, it said.
Toyota Motor Corp. and Honda are increasing their production in the US, as their fuel-efficient compact cars win sales from General Motors Corp. and Ford Motor Co. Honda, which plans to open a new factory in Indiana in 2008, boosted its US market share in January to 9.2% from 8.6% a year earlier.
Honda’s overseas production jumped 17% to 212,173 vehicles last month, while domestic output rose 3.3% to 104,161. Exports from Japan gained 18%. The company exports Fit compact cars and CR-V sport-utility vehicles to North America.
Honda also plans to build its second car factory in India and open a new plant in Japan by 2010.
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First Published: Wed, Feb 28 2007. 06 40 PM IST
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