Honda Motor Company has said it as begun the building of cars in Nigeria by retooling part of its factory that previously made motorcycles.

The firm’s new chief executive, Takahiro Hachigo, said this at his first news conference since taking the helm in June yesterday in Tokyo.

Hachigo said the company, which began production this month, planned to produce 1,000 of its Accord Sedans annually at the plant.
The new chief executive, according to the News Agency of Nigeria (NAN), said Honda would boost the production if the local market grows, adding that the plant would service other African countries.

Meanwhile, Hachigo said it has no plans for now to provide financial aid to Takata Corp, the air bag supplier at the centre of a costly global air bag recall.

However, Hachigo said Honda had set aside enough to cover the cost of recalling over two million cars with potentially faulty air bag parts made by Takata.

“We have money budgeted for quality-related costs, as we did last year, and we think we can respond within this allocated amount,” Hachigo told journalists.

Last month, Honda revised its operating profit for the year ended March, to 606.88 billion yen ($4.92 billion) from the 651.68 billion yen it reported in April to account for expanded recall costs.

At 55, Hachigo, begins his stewardship of Japan’s third-biggest auto maker with a mission to restore the firm’s reputation for quality.
In the Takata air bag safety scare regulators have linked eight deaths to the component, all in cars made by Honda.

Hachigo’s predecessor Takanobu Ito and other executives took a pay cut last October, following a fifth recall of its Fit hybrid subcompact in a year. which had quality glitches unrelated to Takata-made inflators.

In total, tens of millions of cars carrying Takata-made parts have been recalled around the world by a range of auto makers.
Some Takata air bag inflators have exploded with too much force, spraying shrapnel inside vehicles, regulators have found.

As Hachigo seeks to develop business, he said the company remained open to alliances with other automakers – as long as such tie-ups were of benefit to Honda.

In one such deals, the Japanese firm already has an alliance with General Motors Co, to develop hydrogen fuel-cell technology.

http://www.thisdaylive.com/articles/honda-begins-production-of-accord-sedans-in-nigeria/214084/

Guess whom my HERO is


























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GEJ

Ok now

Make dem sha improve well on the ball-joints...

Cool

GEJ hand work

iif only we(Nigeria) have multiple strong indigenous motor brand we won't acrobatically celebrate this awful development that won't exponentially transform our already epileptic and fragile economy

FG should rather give IVM the chance to grow instead of complicating issues by intensifying the competition between IVM n other car manufacturers

k

Who is still looking for change when it's already here??

Good move. Glory be unto Almighty God. special thanx to my humble Goodluck Ebele Azikiwe Jonathan olowo ori Mama Peace

Thank God for Gej...

really? tell us more

Gej did well here

gregg2:
Nigeria exchanged her best President for propaganda and lies.

Thank you GEJ

Good development

I fit take my honda go there make dem revive ?

Good

GEJ my Hero

udemzyudex:
Thank God for Gej...

Dividends of Gej govt

Congrats PMB...

Tho we don't belong to the same party

OK

Good development.

if it was a badthing now they will say buhari

Nice One....

GEJ, the boko haram slayer, we miss u

Issorite

Good, we need things we use in Nigeria to be either produced or assembled here in this country, that way we can create jobs.

Are we buying it cheaper because it's made in Nigeria?