Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews

Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews 0

Unknown | 7:23 AM
Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews
Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews

TOKYO (Reuters) - Honda Motor Co <7267.T> will completely overhaul its flood-hit factory in Thailand in a project that could cost more than 50 billion yen, the Nikkei business daily reported on Sunday.

Thailand's worst floods in half a century late last year hit Honda the hardest among Japanese automakers, with its 240,000-cars-a-year plant in the Ayutthaya Province in central Thailand submerged under water.

Honda, Japan's No. 3 car producer, has already started replacing equipment with the aim of resuming output in April, the Nikkei said.

Refurbishing the flood-hit factory will almost be the equivalent of building a plant from scratch, the Nikkei quoted an unnamed Honda executive as saying.

Honda may receive payment from insurers, which are still assessing damage at the factory, as early as in the current financial year to March, lessening Honda's financial burden to a certain extent, the Nikkei said.

(Reporting by Nathan Layne, Editing by Jonathan Thatcher)

Source;
http://www.moneycontrol.com/news/wire-news/honda-may-spend-36650-mln-to-restore-flood-hit-thai-plant-nikkei_651354.html

  • 2013 Honda Car Reviews, Car Pictures and Prices, Honda New + Used Car Reviews, New Honda Cars : HONDA CRV, Honda Brio, Honda Amaze, Honda City, Honda Odyssey, Honda Accord, Honda Assure, Honda Auto Terrace, Honda Customer Jazz, honda crv, honda cr v used, honda crv reviews, honda crv price, honda cr v mpg, honda crv 2013, honda crv for sale, honda crv lease, honda crv gas mileage, honda crv accessories, honda cr v awd, honda crv awd system, honda crv air filter, honda crv all weather floor mats, honda cr v awd review
  • You're reading the article about

    Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews

    You can bookmark this page with URL https://hondacarscoop.blogspot.com/2012/01/honda-cars-honda-may-spend-650-mln-to.html. You can copy paste if this article "Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews" is useful for you or your friends, but don't forget to give the link Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews as source. Thanks!

    , , , , , , , ,

    0 Responses So Far:

    Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews

    Please Share Your Opinion About Honda Cars : Honda may spend $650 mln to restore flood-hit Thai plant - Nikkei | 2013 New Honda Car Reviews