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

It is quite common to revive classic cars if you have a lot of extra money. Models like the Jaguar XKSS and Aston Martin’s DB4 GT have been upgraded to...
by - August 21, 2017
Famous designer of certain Ferrari vehicles like the Enzo Ferrari and the P4/5, Ken Okuyama has revealed another one of his designs at the 2017 Pebble Beach Concours over the...
by - August 21, 2017
The current generation of the BMW M3 (F80) sedan isn’t just sporty and luxurious in terms of looks, but also in terms of performance. Because of its athletic appeal, the...
by - August 21, 2017
A lot of us know Singer Vehicle Design and their signature work of reimagining Porsche 911s, and making them look like hot rods from the 70s. They are not alone...
by - August 20, 2017
August 17, 2017 is a sad day for the Dodge Viper, its fans, enthusiasts and its admirers. It is the day when the last Dodge Viper rolled off the assembly...
by - August 20, 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