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  1. Guangqi Honda to invest 930m yuan to lift capacity

    Posted May 26th 2010, 12:00am by Staff Reporter

    ... Neil Gough Guangqi Honda Automobile said yesterday it planned to spend 930 million yuan (HK$1.06 billion) to boost production capacity by a third by the end of next year in order to ease ... has not expanded its factories in three years despite soaring demand, and current facilities are running at or above full capacity. Last year, Guangqi Honda made 365,997 cars- mainly Honda ...

  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. Honda strike marks a critical turning point

    Posted Jun 04th 2010, 12:00am by Staff Reporter

    ... or the workshop- tomorrow we go sit at Honda's main entrance and wait for reporters.' It was May 17, and that morning a group of workers in the installation division at a Honda-owned component ... a week the workers- nearly 1,900 of them, many in their teens and early 20s- had forced assembly lines across Honda's four mainland factories to a standstill in the biggest and most ...

  4. Workers, unionists clash at Honda plant in Foshan

    Posted Jun 01st 2010, 12:00am by Minnie Chan, Verna Yu

    ... Minnie Chan in Foshan and Verna Yu Tempers at a key Honda component factory in Guangdong reached boiling point yesterday as workers and government-backed trade union staff clashed amid ... issues with Honda's representatives in the presence of local Shishan town Federation of Trade Union staff and government officials, according to the website of mainland-based Caixin Media. ...

  5. 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 ...

  6. Honda plans tooling plant in China

    Posted Dec 12th 2003, 12:00am by Eric Ng

    ... Eric Ng The carmaker needs a factory in the mainland to support its joint ventures and help lift vehicle output capacity Honda, Japan's second-largest carmaker, will invest US$15 ... will support Honda's joint ventures in Guangzhou and Wuhan. Honda Engineering Asia president Tatsuo Nagamitsu said his unit- the tooling and manufacturing equipment arm of the group- planned ...

  7. Guangzhou Honda expects lower margin on rising sales

    Posted Dec 31st 2003, 12:00am by Eric Ng

    ... Eric Ng The company's modest revenue forecast reflects the impact of soaring production Guangzhou Honda expects unit sales to soar 71 per cent next year but revenue to climb just 41 per cent, suggesting further margin pressure as car prices continue to slide. The joint venture between Japanese car giant Honda and Guangzhou Automotive expects 32.6 billion yuan in sales ...

  8. Honda plant rolls out made-for-export cars

    Posted May 16th 2005, 12:00am by Staff Reporter

    ... Neil Gough Firm will next month become first foreign carmaker to ship vehicles out of China Honda will begin exporting China-made cars to Europe and Asia next month, making the company ... States. 'The first car came off the production line at the end of April,' said a Honda spokesperson at the joint-venture company's headquarters in Guangzhou, confirming ...

  9. GAC to pay parent 444.7m yuan for stake

    Posted Jan 01st 2011, 12:00am by Staff Reporter

    ... with Japan's Honda Motors. The deal will see state-owned Guangzhou Automobile Industry Group inject its 50 per cent stake in Wuyang Honda Motors (Guangzhou) into GAC, which also has carmaking joint ventures with Honda, Toyota, Mitsubishi and Fiat. GAC will pay the parent firm another 30.96 million yuan for Wuyang's related trademarks. Following completion, GAC and Honda will each ...

  10. 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 ...




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