Honda Automobile (China) Co., Ltd. Begins Auto Exports to Europe
| Honda Automobile 24 Jun 2005 13:43 GMT | Page rating:  |
Honda Automobile (China) Co., Ltd. (CHAC), an export automobile production joint venture of Honda Motor Co., Ltd., Honda Motor (China) Investment Co., Ltd., Guangzhou Auto Group Co., Ltd. and Dongfeng Motor Group Co., Ltd. today began exports to Europe of the compact passenger car Jazz.
CHAC began mass production of the Jazz in April 2005, as the first auto production plant in China dedicated exclusively to exports. CHAC expects to manufacture approximately 10,000 units of the Jazz in 2005. Every vehicle produced by CHAC will be exported to European markets, including Germany, and marketed through local Honda subsidiaries.
CHAC is leveraging the production know-how and parts procurement network established by Honda’s existing automobile production joint ventures -- Guangzhou Honda Automobile Co., Ltd. and Dongfeng Honda Engine Co., Ltd. -- and increases competitiveness in the areas of quality and cost by leveraging economies of scale achieved through the relationship with them. CHAC is the first passenger car maker in China to begin full-scale exports to European markets.
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