Honda to Build More CR-Vs in the U.S., Plans to Increase the use of Parts from Low-Cost Countries

The strong yen is affecting all Japanese automakers that are exporting their locally produced cars to America. Honda is one of them, as of the 72,000 CR-Vs built last year in Japan, 35,000 made their way to North America. Japan’s third largest automaker wants to invest in its North American plants to increase the number of CR-V it builds here and reduce exports from Japan, thus minimizing losses due to exchange rates.

“Our profit structure has improved mainly thanks to robust overseas operations, and the toughest area remains exports from Japan”, Chief Financial Officer Yoichi Hojo told reporters at Honda's headquarters on Wednesday. “With a little investment, we would be able to increase production of the CR-V in the United States, so that's the most probable course of action (to reduce yen exposure)”, he said.

The company official said that Honda is currently examining various options to increase the crossover’s production. One of the factories that builds the CR-V, the East Liberty plant, in Ohio, is already operating at full capacity, but the neighboring Marysville plant is at 80%, while a factory in Indiana is working at half of its total capacity.

Should the need arise, Honda could also increase the output of its Mexican and Canadian plants.

In the future, the automaker also plans to use more components sourced from low-cost countries, such as China and India.

According to Yoichi Hojo, low-cost components will account for at least 10% of the upcoming 2012 Civic, a major improvement considering that the current generation uses very few if any low cost parts. The same ratio is at 17% in the case of the Fit subcompact, but Honda is aiming for about 30%.

By Csaba Daradics

Source: Reuters

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Honda to Build More CR-Vs in the U.S., Plans to Increase the use of Parts from Low-Cost Countries

The strong yen is affecting all Japanese automakers that are exporting their locally produced cars to America. Honda is one of them, as of the 72,000 CR-Vs built last year in Japan, 35,000 made their way to North America. Japan’s third largest automaker wants to invest in its North American plants to increase the number of CR-V it builds here and reduce exports from Japan, thus minimizing losses due to exchange rates.

“Our profit structure has improved mainly thanks to robust overseas operations, and the toughest area remains exports from Japan”, Chief Financial Officer Yoichi Hojo told reporters at Honda's headquarters on Wednesday. “With a little investment, we would be able to increase production of the CR-V in the United States, so that's the most probable course of action (to reduce yen exposure)”, he said.

The company official said that Honda is currently examining various options to increase the crossover’s production. One of the factories that builds the CR-V, the East Liberty plant, in Ohio, is already operating at full capacity, but the neighboring Marysville plant is at 80%, while a factory in Indiana is working at half of its total capacity.

Should the need arise, Honda could also increase the output of its Mexican and Canadian plants.

In the future, the automaker also plans to use more components sourced from low-cost countries, such as China and India.

According to Yoichi Hojo, low-cost components will account for at least 10% of the upcoming 2012 Civic, a major improvement considering that the current generation uses very few if any low cost parts. The same ratio is at 17% in the case of the Fit subcompact, but Honda is aiming for about 30%.

By Csaba Daradics

Source: Reuters

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Honda to Build More CR-Vs in the U.S., Plans to Increase the use of Parts from Low-Cost Countries

The strong yen is affecting all Japanese automakers that are exporting their locally produced cars to America. Honda is one of them, as of the 72,000 CR-Vs built last year in Japan, 35,000 made their way to North America. Japan’s third largest automaker wants to invest in its North American plants to increase the number of CR-V it builds here and reduce exports from Japan, thus minimizing losses due to exchange rates.

“Our profit structure has improved mainly thanks to robust overseas operations, and the toughest area remains exports from Japan”, Chief Financial Officer Yoichi Hojo told reporters at Honda's headquarters on Wednesday. “With a little investment, we would be able to increase production of the CR-V in the United States, so that's the most probable course of action (to reduce yen exposure)”, he said.

The company official said that Honda is currently examining various options to increase the crossover’s production. One of the factories that builds the CR-V, the East Liberty plant, in Ohio, is already operating at full capacity, but the neighboring Marysville plant is at 80%, while a factory in Indiana is working at half of its total capacity.

Should the need arise, Honda could also increase the output of its Mexican and Canadian plants.

In the future, the automaker also plans to use more components sourced from low-cost countries, such as China and India.

According to Yoichi Hojo, low-cost components will account for at least 10% of the upcoming 2012 Civic, a major improvement considering that the current generation uses very few if any low cost parts. The same ratio is at 17% in the case of the Fit subcompact, but Honda is aiming for about 30%.

By Csaba Daradics

Source: Reuters

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Honda Rumors: 2012 Civic Si to get a 2.4-liter Engine

Earlier this month, Honda unveiled the Civic Si Concept coupe and Civic Concept sedan at the 2011 Detroit Auto Show, signaling that the ninth generation 2012 Civic will follow soon, to be precise, this spring. However, the official press bits weren’t exactly what you’d call detailed, leaving lots of aspects, including the engine lineup, to our imagination.

Today, the Honda-obsessed team at the Temple of VTEC forums claim to have solved part of this mystery thanks some inside sources that told them a 2.4-liter gasoline engine, very similar to the Acura TSX’s powerplant, will make its way into the new Civic Si.

The new four-cylinder engine will replace the current K20Z3 197HP 2.0-liter unit and is expected to deliver a little over 200 horsepower and, thanks to its larger displacement, significantly more torque. The other conventional powerplant for the Civic's North American lineup is said to be the current 1.8-liter gasoline unit, possibly revised to return better fuel efficiency.

In other news, there are also rumors about Honda planning an HF trim level just for the sedan with gray or white exterior color. Fans of the manual transmissions can expect to find them on the DX- and LX-trimmed sedans as well as part of the EX trim level for coupe models.

Last but not least, the list of colors for 2012 has also been revealed and it’s available below.

Crystal Black Pearl

Dyno Blue Pearl

Urban Titanium Metallic

Cool Mist Metallic

Polished Metal Metallic

Crimson Pearl

Alabaster Silver Metallic

Taffeta White

The 2012 Honda Civic will go on sale in the U.S. this spring.

By Csaba Daradics

Source: Temple of VTEC

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Honda Rumors: 2012 Civic Si to get a 2.4-liter Engine

Earlier this month, Honda unveiled the Civic Si Concept coupe and Civic Concept sedan at the 2011 Detroit Auto Show, signaling that the ninth generation 2012 Civic will follow soon, to be precise, this spring. However, the official press bits weren’t exactly what you’d call detailed, leaving lots of aspects, including the engine lineup, to our imagination.

Today, the Honda-obsessed team at the Temple of VTEC forums claim to have solved part of this mystery thanks some inside sources that told them a 2.4-liter gasoline engine, very similar to the Acura TSX’s powerplant, will make its way into the new Civic Si.

The new four-cylinder engine will replace the current K20Z3 197HP 2.0-liter unit and is expected to deliver a little over 200 horsepower and, thanks to its larger displacement, significantly more torque. The other conventional powerplant for the Civic's North American lineup is said to be the current 1.8-liter gasoline unit, possibly revised to return better fuel efficiency.

In other news, there are also rumors about Honda planning an HF trim level just for the sedan with gray or white exterior color. Fans of the manual transmissions can expect to find them on the DX- and LX-trimmed sedans as well as part of the EX trim level for coupe models.

Last but not least, the list of colors for 2012 has also been revealed and it’s available below.

Crystal Black Pearl

Dyno Blue Pearl

Urban Titanium Metallic

Cool Mist Metallic

Polished Metal Metallic

Crimson Pearl

Alabaster Silver Metallic

Taffeta White

The 2012 Honda Civic will go on sale in the U.S. this spring.

By Csaba Daradics

Source: Temple of VTEC

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