Thursday, March 17, 2011

Earthquake Impact on Honda Operations

Honda has issued a press release on the impact of Honda operations relating to the earthquake and tsunami in Japan:

North American Operations


Honda has confirmed the wellbeing of all Honda associates on assignment in Japan from North America.

There is no immediate impact on Honda's operations in North America. More than 80% of Honda and Acura products sold in the U.S. are produced in North America, and the vast majority of automotive parts for Honda automobiles manufactured in North America are sourced in the region.
Honda is assessing the long-term impact on Honda auto production in North America, since some auto parts are supplied from Japan.

We currently have adequate inventory of products supplied from Japan, both in inventory and in transit from Japan.

Honda Fit, Insight, CR-Z, Civic Hybrid, Acura TSX and Acura RL are produced in Japan for the North American market. Honda produces a small percentage of CR-Vs in Japan for the U.S. as well.

Honda's operations in North America and globally will do everything they can to support the recovery of Honda's operations in Japan.

Read entire press release here.

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