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 Recalling 2010MY Accord and CR-V Models in the States for Engine Stalling Problems

Honda has issued a new recall for certain 4-cylinder Accords and CR-Vs from the 2010 model year to check a potential failure with the engine wiring harness connector, as it may cause intermittent spark firing or the engine to stall.

"The wire harness coupler could have been damaged during vehicle assembly, which can lead to engine stalling over time," the Japanese automaker said in a statement, adding that it identified this problem through warranty repairs, and that no related accidents or injuries have been reported to date.

According to the National Highway Traffic Safety Administration, the recall affects 2,277 vehicles in the States.

Under the recall, the firm's dealers will inspect and replace the ignition wiring harness connector free of charge. Notification to customers is expected to begin in early February, 2011.

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Honda Recalling 2010MY Accord and CR-V Models in the States for Engine Stalling Problems

Honda has issued a new recall for certain 4-cylinder Accords and CR-Vs from the 2010 model year to check a potential failure with the engine wiring harness connector, as it may cause intermittent spark firing or the engine to stall.

"The wire harness coupler could have been damaged during vehicle assembly, which can lead to engine stalling over time," the Japanese automaker said in a statement, adding that it identified this problem through warranty repairs, and that no related accidents or injuries have been reported to date.

According to the National Highway Traffic Safety Administration, the recall affects 2,277 vehicles in the States.

Under the recall, the firm's dealers will inspect and replace the ignition wiring harness connector free of charge. Notification to customers is expected to begin in early February, 2011.

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Honda Recalling 2010MY Accord and CR-V Models in the States for Engine Stalling Problems

Honda has issued a new recall for certain 4-cylinder Accords and CR-Vs from the 2010 model year to check a potential failure with the engine wiring harness connector, as it may cause intermittent spark firing or the engine to stall.

"The wire harness coupler could have been damaged during vehicle assembly, which can lead to engine stalling over time," the Japanese automaker said in a statement, adding that it identified this problem through warranty repairs, and that no related accidents or injuries have been reported to date.

According to the National Highway Traffic Safety Administration, the recall affects 2,277 vehicles in the States.

Under the recall, the firm's dealers will inspect and replace the ignition wiring harness connector free of charge. Notification to customers is expected to begin in early February, 2011.

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Honda Germany Celebrates 50th Anniversary with Special Edition Models

Honda has launched a new series of special edition models in Germany to celebrated the company's 50th anniversary in Europe. The first Honda store in Germany opened in 1961 in the city of Hamburg. The lineup of special edition models includes the CR-Z hybrid sport hatch, the Civic, the CR-V, the Accord and the Jazz, all of which feature additional standard equipment such as larger alloy wheels and upgraded audio systems (depending on the model) without a price increase. More details on the 50th Anniversary specials can be found on Honda's German website.

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Honda Germany Celebrates 50th Anniversary with Special Edition Models

Honda has launched a new series of special edition models in Germany to celebrated the company's 50th anniversary in Europe. The first Honda store in Germany opened in 1961 in the city of Hamburg. The lineup of special edition models includes the CR-Z hybrid sport hatch, the Civic, the CR-V, the Accord and the Jazz, all of which feature additional standard equipment such as larger alloy wheels and upgraded audio systems (depending on the model) without a price increase. More details on the 50th Anniversary specials can be found on Honda's German website.

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