Tuesday, March 23, 2010

Honda expects boost to global vehicle production of nearly 10%

TOKYO (Reuters) -- Honda Motor Co. expects its global production to rise nearly 10 percent in the business year starting next month, led by growth in Asia outside of Japan, the Nikkan Kogyo industrial daily reported on Monday.Honda, Japan's No.2 automaker, has told its main parts suppliers of plans to produce up to 3.3 million vehicles in the business year beginning April 1, an increase of nearly 10 percent from an estimated 3.05 million vehicles this fiscal year, the paper said.

Production is expected to fall in North America and Europe, the paper said. Honda's North America production is up 51 percent this year through the first three weeks in March.

A Honda spokeswoman said the automaker does not disclose production plans, and the Nikkan Kogyo did not cite any sources.

The newspaper said the automaker plans to keep Japanese production flat to limit the impact of a stronger yen, while boosting output in the rest of Asia. In China, production is expected to rise more than 10 percent.

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