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  • September 16, 2014
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  1. Honda's mainland sales and output plunge amid strikes

    Posted Jun 25th 2010, 12:00am by Staff Reporter

    ... Neil Gough Honda Motor's production and sales on the mainland suffered double-digit declines of as much as 37 per cent last month following the first in a wave of wildcat strikes that have rocked Japanese manufacturers in the world's largest car market. The plunging sales and production figures for Honda are the first material indications of the severity of the impact ...

  2. Strike forces Honda to halt China factories

    Posted May 28th 2010, 12:00am by Staff Reporter

    ... Neil Gough A 10-day-old strike at a key Honda component factory outside Guangzhou has forced Japan's No2 carmaker to suspend production in China, the world's largest and fastest-growing car market. Work at Honda's four car plants on the mainland- with capacity to churn out 1,800 vehicles per day- ground to a halt this week after assembly line workers at its ...

  3. Nissan, Honda plan mainland output boost

    Posted Jul 15th 2009, 12:00am by Kandy Wong

    ... Kandy Wong Japanese carmakers Nissan Motor and Honda Motor plan to boost their production capacities on the mainland by as much as 20 per cent in a bid to tap the country's growing ... with two shifts, a Nissan spokesman said. The firm's Guangzhou plant will also increase annual output to 460,000 units from 360,000 units. Honda said its joint venture, Dongfeng Honda ...

  4. Toyota, Honda putting brakes on growth plans

    Posted Nov 21st 2008, 12:00am by Kandy Wong

    ... Kandy Wong Japanese carmakers, which have grown rapidly on the mainland in the past two years, may now be retrenching amid slower consumer demand. Japanese car giants Honda Motor and Toyota Motor Corp are likely to stop building new capacity and cut sales targets as they adjust to the slower mainland vehicle market. Guangzhou Honda, the joint venture between Honda and Denway ...

  5. Guangzhou Honda dragged into mainland car price war

    Posted Mar 02nd 2005, 12:00am by Eric Ng

    ... Eric Ng Analyst says cut-throat competition looks here to stay even if sales volume maintains 10 per cent growth Denway Motors' 50 per cent-held Guangzhou Honda has become embroiled in the price war in the mainland by cutting prices of its Accord saloons and Odyssey multi-purpose vehicles. Guangzhou Honda, a joint venture between red-chip Denway and Japan's Honda Motor, said ...

  6. 250 workers strike at vehicle parts factory

    Posted Jun 08th 2010, 12:00am by Mimi Lau

    ... Mimi Lau in Guangzhou About 250 workers at a Foshan factory which makes exhaust systems for Guangqi Honda Automobile went on strike yesterday demanding better wages and paid overtime, saying they had been emboldened by a two-week strike by Honda workers. A prominent labour analyst warned that passive corporations that hesitated to adjust mainland wages could expect further ...

  7. Denway faces profit squeeze

    Posted Sep 17th 2004, 12:00am by Eric Ng

    ... Eric Ng Denway Motors, which owns a slice of Honda Motor's mainland joint venture with Guangzhou Automobile Industry Group, is expected to face growing profit margin pressure next year despite posting strong interim profit growth. The company, which owns 47.5 per cent stake of Guangzhou Honda, reported a net profit of HK$924.22 million for the first six months, up 37.1 ...

  8. Japanese carmakers veer off track

    Posted Dec 18th 2008, 12:00am by Staff Reporter

    ... of Japanese carmakers stepping off the world motorsport stage in the space of two weeks. The former champions, whose departure was announced on Tuesday, joined Formula One constructors Honda and rally ... sales and revenues, forced their hands. But Honda and Subaru's high-profile teams may also be paying a price for years of failure on the world's racetracks and roads. Subaru, one ...

  9. Denway bypasses slow sales lane

    Posted Feb 05th 2005, 12:00am by Eric Ng

    ... Eric Ng Denway Motors chairman Zhang Fangyou is more optimistic than his industry rivals about car sales this year after his firm's joint venture, Guangzhou Honda Automobile, posted growth of 73 per cent to 202,000 units last year. After yesterday's extraordinary general meeting at which shareholders approved the company's stake increase in Guangzhou Honda, from ...

  10. Denway driving hard

    Posted May 31st 2005, 12:00am by Eric Ng

    ... with Japan's Honda Motor, aims to raise sales by 14 per cent this year to 230,000 units but warns its profit margin will slip. The projected growth rate, slower than in previous years, was comparable to that of the overall mainland car market, Mr Zeng said after the red chip's annual general meeting. In the first four months of this year, sales at joint venture Guangzhou Honda surged 44.4 per cent year ...




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