Honda Becomes Net Exporter in the US
Honda now exports more cars in the U.S. than it imports from Japan, the automaker announced this week. Last year, Honda set an all-time production record in the U.S. by building nearly 1.31 million units cars, up 7.4 percent from 2012. For the first time in history, Honda is a net exporter in the U.S. "In just a few decades, the expansion of free trade and growth in U.S. operations has transformed Honda from importing 100 percent of the cars sold in the U.S. to establishing the U.S. as an export and production hub," said Rick Schostek, senior vice president of Honda North America. "Each vehicle we manufacture for global customers is unique to that country." Honda manufactures some of its most popular cars in the U.S., including the Accord, Civic, and CR-V. According to Honda, almost 95 percent of Honda and Acura cars and trucks sold in the U.S. are made in North America. Honda has invested more than $2.7 billion to expand the auto industry in the U.S. and North America. Honda currently has seven auto plants in North America, but the latest addition to this pack will not be located in the U.S. The automaker is prepping a new plant in Celaya, Mexico to produce the all-new generation Fit subcompact car. Source: Honda
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