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:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016