Honda Motor plans to almost double car production in Europe to reduce reliance on imports from Japan and minimise the effect of the rising yen.
“We will deliver more production here in Europe,” the Financial Times (FT) quoted Honda regional chief Manabu Nishimae as saying. “It is this approach that will enable us to respond to the incredible appreciation of the yen.”
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Nishimae also said the company was entering a phase of “numerous product launches” and planned new “major products” each year for the next four years, the FT reported.
Honda has a full manufacturing plant in Swindon, southern England, which currently makes the Jazz [Fit], Civic hatchback and CR-V.
