Honda Motor Co. is looking to grow its North American manufacturing base into a low-cost source of vehicles to be exported globally, as part of its efforts to expand its production footprint outside of Japan.
The strong yen is hurting Honda's ability to profitably export vehicles from Japan.
"Right now, we are asking the U.S. to take on a lot of our production, and exports as well," said Honda CEO Takanobu Ito. "Already they have been doing some exports to the Middle East, but we are asking them to do more exports around the world."
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