Honda to invest in mini cars
Honda is investing 50 billion yen in producing kei cars.
Honda's subsidiary Yachiyo Industry Co has today announced plans to build a new plant adjacent to its current Yokkaichi Factory. The plant will require a 50 billion yen (roughly USD 490 million or euro 320 million) investment and will focus on producing front-engined mini cars, the Honda Life and Zest.
The two plants should be able to produce 240,000 units annually with the advantage that the entire production will be at one location. Honda's Kumamoto factory will transfer its mini-vehicle engine production to the new plant, while the transmission production will transfer to Honda's Suzuka Factory.
Source: WorldCarFans
Credits: Jarvis
Get the Best Price for your used car
from 500+ dealers in 24 hours
Convenient and Hassle-Free- Consumer Protection
Transparent Process
With No Obligation
