Honda planning to end exports of the popular CR-V from Japan to the U.S.

Article by Christian Andrei, on February 2, 2011

According to the latest media reports, it appears that Honda is planning to end exports of the popular CR-V to the United States from Japan. Same sources say that the new CR-V model, which is due to be launched this autumn, is part of Honda’s plan to increase production in the United States in order to reduce yen exposure.

Honda’s Chief Financial Officer Yoichi Hojo said that firm’s profit structure has improved thanks to robust overseas operations and that the toughest area remains exports from Japan.

This means that the best move that Honda could make in order to maintain its profits will be to increase production of the CR-V in the United States. For those who don’t know, Japanese manufacturers are currently losing money on many models exported from Japan-based factories.

Still, Honda has the least currency exposure among Japan's top automakers due to its low export ratio of 30 percent. Other manufacturers can’t say the same thing as Toyota and Nissan shipped 53 percent of its Japan-made vehicles, 59 percent respectively.

As you can remember, Nissan already announced last month that it will shift production of its Rogue crossover from Japan to the United States when the new model will arrive in 2013. [via autonews - sub. required]

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nikola Motor’s hydrogen-powered semi-trailer truck is highly appealing with its many advancements but don’t expect it to arrive in the near future. In November 2016, Toyota announced the possibility of...
by - December 5, 2016
Usually, it is up to resourceful spy photographers to take clear pictures of vehicle prototypes, especially those that have aroused a lot of interest. The same is true for Project...
by - December 5, 2016
The much-anticipated debut of the new Wrangler will surely happen. As it approaches, we’ve gathered all the latest information released so far. Of course, most are expecting that the next...
by - December 5, 2016
Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 2016
Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries