Thursday, January 30, 2014

Honda now a net exporter from the United States

Honda now a net exporter from the United States
Thirty-two years after building his first car in the United States, Honda has finally reached the point where it is a net exporter of vehicles from the United States

The milestone caps an increase in production in the United States in recent years the Japanese automaker more production from Japan costs match moved.

"Net-exporter status to achieve a natural result of our commitment and investment in the United States and North America," said Tetsuo Iwamura, President & CEO of Honda North America.

Last year, Honda exported 108.705 Honda made United States and Acura while imported vehicles the company 88.537 from Japan. Overall, the automaker built 1.3 million vehicles on four U.S. Assembly plants.

Relocation of production in the United States

Transition to the net-exporter status was controlled by two factors Hondas, which made it more advantageous to create and send vehicles from the United States rather than Japan import.

First prompted to diversify the strength of the Japanese Yen over the last few years the automakers of their production all over the world.

With the United States to Honda's largest market outside of Japan and with the dollar weaker than the yen for much of the last four years more production at plants in Ohio, Indiana, and Alabama moved the automaker.

Secondly, as recovered to sales in the U.S. Honda was able, more, that the demand to meet, due to the expansion of production in U.S. plants.

This expansion to invest included $2.7 billion in the last three years. As a result, Honda increased its production in the United States by 7.4 per cent in 2013.

Last year turnover increase Honda's US 7.2 percent, which simply just shy of the pace of the industry, sales of the 7.6 percent rose.

Honda ended the year as the fifth most popular car manufacturers in the United States with a market share of 9.8 percent.

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