Report: Honda builds more cars in U.S. than in Japan for first time ever
Analyst Jesse Toprak at TrueCar.com tells the DetNews that the key is that there is more growth opportunity in the U.S. than there is in Japan. In short, the market in Japan is shrinking while the U.S. appears to have already hit rock bottom in 2009 and is on the upswing. (We're also guessing that North American production is significantly cheaper than it is in Japan). Honda also expects more growth in emerging markets like China and the plan is to build vehicles where demand is strong. The automaker's global strategy appears to be working, as its $3.2 billion quarterly earnings is the strongest any automaker has announced so far for Q2, 2010.
[Source: Detroit News]
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