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1. [verwijderd] 18 december 2002 17:54

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   Honda to emphasise small-car sales, boost China output to 240,000 in 2004 Honda Motor Co Ltd said it aims place more emphasis on sales of small cars, such as its popular Fit model, from next year, increasing production in China through a 10 billion yen investment. It will first raise China output of small cars to 120,000 units from the existing 50,000 by February, finally expanding output here to 240,000 in 2004. "Global sales of small cars will be more than 500,000 in 2004, as a result," said president Hiroyuki Yoshino. In other product areas, Honda aims to increase vehicle output in North America by 10% to 1.35 million units. "We are planning to boost vehicle production at plants in Alabama and Canada and we will introduce new models of the Acura series from the spring of 2003," Yoshino said. "In Asia we will lift vehicle production annual capacity in Thailand from 70,000 to 120,000 units by the middle of next year," he said. "We will begin volume production of vehicles in Taiwan, Malaysia and Indonesia from January to March, as earlier planned. At the same time, we will enhance cost competitiveness in the Asian region," he added. "In Europe we will release the diesel-engine Accord model next year to strengthen sales of the series there," he said. "We have set a sales target of 940,000 units in Japan but I'm urging our sales staff to try for sales of 960,000. Honda will release top-end sedans and increase sales staff to more than 14,000," Yoshino said. The company will raise combined output at two domestic plants to 1,100 units per day, from the current 1,000 units, in early 2003, he said. Joint production with Yachiyo Industry, including minicars, will also be raised to 1,000 units per day, from 750 units, from the autumn of 2003. The company will also launch sales of the MDX and Element sports utility vehicles made in the US in the Japanese market from the spring. © AFX News Story filed: 03:18 Wednesday 18th December 2002 //////////////////////////////////////////////////// TOKYO (Reuters) - Japan's Honda Motor Co Ltd said on Wednesday that its Chinese joint venture will raise its annual output capacity to 240,000 units by spring 2004 from 50,000 now. The joint venture, Guangzhou Honda Automobile Co, will invest an additional 660 million yuan ($79.73 million) for the expansion, the Japanese automaker said. The expansion will also add 1,000 jobs at the venture to make a total 3,400 by 2004. The joint venture, which will launch the new "Accord" sedan in China next month, is in the process of raising its capacity to 120,000 units a year by February. ////////////////////////////////////////////// Honda Motor, Japan's second-largest vehicle manufacturer, has said it expects record sales in 2003, up 10% to 3.1 million from this year. //////////////////////////////////////////////// Honda also plans to boost production in the US, Canada, Thailand, Malaysia, Indonesia /////////////////////////////////////////////// Honda Motor, Japan's leading motorcycle maker, also said production of its Super Cub, the most popular motorcycle in history, passed 35 million last month, 44 years after it was first launched. The Super Cub, developed by company founder the late Soichiro Honda, was first exported to the US in 1959 and has been sold in 160 countries. Its four-stroke 50cc engine revolutionised motorbike design when two-stroke engines were standard. //////////////////////////////////////////////// December 18, 2002 Sooner or later Fiat will belong to GM www.timesonline.co.uk/article/0,,630-517289,00.html ////////////////////////////////////////////////