Honda to quadruple capacity in China
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Tokyo - Japanese car manufacturer Honda said Monday it would spend $340 million to quadruple capacity at its joint plant with Dongfeng Motor in Wuhan, China, to 120 000 units by 2006.
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MANESAR, India  - Japanese compact car maker Suzuki Motor Corp.  will invest a further 200 billion yen ($1.66 billion) in its Indian venture as it expands capacity at car and engine plants, its chairman said on Tuesday.
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Honda Motor Co., the Japanese automaker, has plans to build an auto transmission plant in Tallapoosa, Ga., and expand existing plants in Alabama and Ohio as part of a $270 million investment plan that will create 600 jobs in the three states.
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Japan&#39;s leading automakers Toyota Motor Corp. and Honda Motor Co. put rivals on notice this week by announcing higher sales targets for 2005 and ambitious production increases worldwide.
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Chinaâs auto parts exports have increased more than sixfold in the last five years, signaling a shift from basic goods to higher-value industrial goods.
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The Chinese Railway Ministry&#39;s project with an estimated contract value of 100 billion yen aims to double the speed of trains on five major existing railway lines, stretching over
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Honda Motor Co. on Wednesday reported record sales and profits on a consolidated basis for the first half, mainly due to brisk vehicle sales in Japan, Europe and Asia.
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Honda Motor Co. forecast on Monday another year of record car and motorcycle sales in 2005, when it will remodel its flagship Civic car and enter new vehicle segments such as the popular pickup sector in the United States.
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China's government promised Monday to increase output of gasoline, coal and power to ease shortages amid severe winter weather that has forced rationing in some areas.
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TOKYO Honda Motor said Monday that it expected to sell a record 3.4 million vehicles next year, as demand for new models including the revamped Civic increases sales by 8 percent.
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Honda Motor Co. forecast on Monday  another year of record car and motorcycle sales in 2005, when  it will remodel its flagship Civic car and enter new vehicle  segments such as the popular pickup sector in the United  States.
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Honda Motor Co. expects the introduction of its new gas-electric version of the Accord to boost its US sales of hybrid vehicles to more than 45,000 next year.
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Honda Motor on Wednesday predicted it  would beat this year's record car sales in 2008, and said it  would step up its research and development functions by  building a dedicated facility for its premium Acura brand.
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Honda said it will make a four-cylinder car that will meet E.P.A. standards as well as stricter California diesel rules.
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Rising oil prices are expected to hit China's growth rate this year.
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Ford Motor Co will consider adding production capacity in Russia to meet rising demand in Europe's fastest-growing major market, the head of the automaker's European operations said on Wednesday.
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TOKYO : Japan&#39;s Honda Motor has forecast global vehicle sales will rise 8.0 percent in 2005 to a record 3.4 million, reflecting strong demand, especially in China and in Europe.