Honda to expand North American output

By Tom Stundza -- Purchasing, 7/18/2007 4:48:00 PM

Honda Motor will boost production capacity in North America and elsewhere to keep up with growing demand for its fuel-efficient cars and to maintain the momentum for global growth. Annual production in North America will reach 1.62 million vehicles by the fall of 2008 from the current 1.4 million, President Takeo Fukui told reporters today in Tokyo. Eighty percent of the company’s cars sold in North America are made here.

The maker of Accord and Acura cars also will boost production capacity in such other parts of the world as Thailand, Argentina, India and Turkey—plus a research and development center in China. In North America, a new auto plant in Indiana, Honda's seventh in North America, is set to begin production in late 2008. Later this year, a plant in Mexico will start making the CR-V sport utility vehicle, raising annual production capacity from 30,000 vehicles to 50,000 vehicles.

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