Arab Today, arab today honda to invest £200m in british factory
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Honda to invest £200m in British factory

Arab Today, arab today

Arab Today, arab today Honda to invest £200m in British factory

Honda cut 340 jobs
Tokyo - AFP

Honda said Tuesday it will spend £200 million ($300 million) to upgrade a British factory that the Japanese automaker downsized last year owing to a slump in European demand.
The company said it was aiming to turn its Swindon plant in western England into a global production hub for its five-door Civic compact.
Japan's number-three automaker said the cash would help improve the plant's efficiency and boost the number of passenger cars that can roll off its assembly lines. The factory presently has the capacity to make 250,000 vehicles annually.
"As a global production facility for the Civic five-door model, we look forward to making the most of the opportunity to export this model not only to our European customers, but also, to key global markets," Jason Smith, director of Honda of the UK Manufacturing, said in a statement.
A year ago, Honda cut 340 jobs at the same factory, accounting for roughly 10 percent of the plant's manufacturing positions, blaming weak European demand in the wake of the global financial crisis.
The plant produced about 120,000 vehicles last year, roughly half the 230,000 units it made in early 2008.
Honda earlier this year cut its annual profit forecast as its faces soaring recall costs, including from an exploding airbag crisis linked to at least five deaths.
The automaker lowered its fiscal year to March net profit forecast by 3.5 percent to 545 billion yen ($4.5 billion), citing "quality-related expenses" and falling sales in Japan and the world's biggest vehicle market China.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda to invest £200m in british factory Arab Today, arab today honda to invest £200m in british factory

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today honda to invest £200m in british factory Arab Today, arab today honda to invest £200m in british factory

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday