In an effort to tackle the problem of swinging currency, Honda is looking to cut its Japanese exports in half within the next 10 years—and that means building vehicles locally, including America.
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Honda has acknowledged that airbags in its early 2000s vehicles may be defective, forcing a recall of 2.7 million vehicles.
The recent flooding in Thailand has forced Honda, alongside Toyota, to reveal that its North American production will be cut by a whopping 50 percent.
When Toyota introduced the Prius back in 1997, many thought it was the answer to oil prices that continued to swell uncontrollably.