Market Chatter: Honda Motor to Close Joint Venture Car Production Plant in China

MT Newswires Live04-17

Honda Motor (HMC) will close at least one of its Chinese car production plants jointly run with Guangzhou Automobile Group in June, Reuters reported Thursday, citing people familiar with the matter.

The Japanese automaker is also evaluating the suspension of its plant jointly owned with Dongfeng Motor next year, the report said.

Honda and Guangzhou Automobile did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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