Market Chatter: Honda to Shut Down One China Plant, Pause Production at Another
Market Chatter: Honda to Shut Down One China Plant, Pause Production at Another
Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models; and various off-road vehicles, such as all-terrain vehicles and side-by-sides. The Automobile Business segment offers passenger cars, light trucks, and mini vehicles. The Financial Services Business segment provides various financial services, including retail lending and leasing services to customers, as well as wholesale financing services to dealers. The Power Product and Other Businesses manufactures and sells power products, such as general purpose engines, lawn mowers, generators, water pumps, brush cutters, tillers, outboard marine engines, and snow throwers. This segment also offers HondaJet aircraft. The company also sells spare parts; and provides after-sale services through retail dealers directly, as well as through independent distributors and licensees. Honda Motor Co., Ltd. was founded in 1946 and is headquartered in Tokyo, Japan.
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9.52 | |
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9.1881-13 | |
51 597 M | |
7.3793 | |
4 822 M | |
20 428 802 M | |
0.3303 | |
0.0409 | |
0.56 |
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Market Chatter: Honda to Shut Down One China Plant, Pause Production at Another
(Reuters) - Honda Motor plans to reduce the production of its gasoline-fueled automobiles in China by one-third, the Nikkei newspaper reported on Thursday, amid declining sales of Japanese cars in the Asian country. (Reporting by Roshan Thomas in Bengaluru; Editing by Tasim Zahid) View comments()
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