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Honda aims to brighten future with expansion in Asian nations

One of the globe's top car manufacturers is moving forward with pushing innovative models in two Asian markets, according to published reports.

Honda Motor Corporation ( HMC ) is stepping up efforts to sell electric-gasoline hybrids in China and, if all goes well, the automaker plans to make the vehicle in the Asia nation within three years, according to The Wall Street Journal. The carmaker is devoted to encouraging hybrid technology in China and plans to introduce five models of the fuel-efficient models in 2012.

The Financial Times reports Honda has laid plans to increase manufacturing of cars equipped with smaller engines in Japan. Known as "kei" cars, the vehicles use engines no larger than 660 cc, for which Japan issues tax breaks.

"Having this business is going to guarantee the future growth of Honda - to maintain our business in the Japanese market, and it's also going to guarantee the future success of Honda in the global market as well," Chief Executive Officer Takanobu Ito told the Financial Times at the auto show in Frankfurt.

Honda is gradually returning to the output level not seen since before the March 11 earthquake and subsequent tsunamis, which disrupted supply lines, components and production.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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