Newscasts - Honda considers moving some car production to US from Mexico, Canada
15/04/2025 18:34
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_2j2mzskl&referenceId=tag:reuters.com,2025:newsml_RW692715042025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Honda is considering switching some car production from Mexico and Canada to the United States, aiming for 90% of cars sold in the country to be made locally in response to new U.S. auto tariffs, the Nikkei newspaper reported on Tuesday (April 15). Jillian Kitchener has more. Short Link: https://refini.tv/3RNJeo6 Video Transcript: Honda is weighing whether to move some car production from Mexico and Canada to the United States, aiming for 90% of cars sold in the country to be made locally. That's according to the Nikkei newspaper, which reported Tuesday that Honda plans to increase US vehicle production by as much as 30% over two to three years in response to US President Donald Trump's auto tariffs. Honda declined to comment, saying the information was not announced by the company. Nikkei said the Japanese automaker will move production of the CR-V SUV to the US from Canada and move production of the HR-V SUV to the US from Mexico. The US was Honda's biggest market last year, accounting for nearly 40% of global sales. The automaker sold 1.4 million vehicles, including Acura models in the US last year. It imported about two-fifths of those cars from Canada or Mexico.