Honda will open a new car plant in Japan, its first since 1964

Article by Christian Andrei, on March 4, 2013

Honda Motor Co. wants to open a car plant in Japan this July. This is something that Honda hasn’t done for nearly 50 years. The last time was in 1964, which is when Honda inaugurated a factory in Sayama, near Tokyo. Back then, Japan was engaged in preparations to be the host of the Olympic Games. This plant, together with two of its older facilities, was able to meet the surge in the demand in Japan as the country became wealthier.

There was little need to expand as the asset prices plunged since the early 90s, leading to the “lost decade” in Japan. This new plant, with an annual capacity of 250,000 units, will begin operations just as a weaker yen is making Japanese manufacturers like Honda more profitable. Honda disclosed plans to construct the new plant as part of its efforts to roll out smaller, more frugal vehicles.

In the last few months, many investors have been going to Japan, driving the benchmark Nikkei 225 Stock Average to levels unreached since 2008. There’s more proof of a broader recovery as economists anticipate that the economy will exit recession during this quarter.

Topics: honda, japan, plant

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 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