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

Article by Christian A., 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

Recommended

Not a few agree that the Volkswagen Polo news a styling overhaul. While this supermini still looks good as it is now, the latest facelift was around three years. With...
by - April 27, 2017
They say that when the going gets tough, the tough get going. That’s what Harvey Payne did with his Chevrolet Bolt. Ever since he bought it, it had been experiencing...
by - April 27, 2017
What defines a coupe? Well, according to the dictionary, “it is a car with a fixed roof and two doors”. Ok, now that it is clear, when does one not...
by - April 27, 2017
Back in 2013 was when the first hot hatch was released, that was the original A45 by Mercedes-AMG, carrying a hand-built 2.0 liter M133 turbo mill. It was then then...
by - April 27, 2017
BMW dealers have a problem, a good problem. The demand for the 2017 BMW 5 Series is very high, they cannot attend to all the customers. But actually, supplies are...
by - April 27, 2017
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