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Investing.com -- Honda (NYSE:HMC) Motor is contemplating a significant shift in its production strategy, potentially moving manufacturing operations from Mexico and Canada to the United States.
The move is reportedly in response to auto tariffs, as per a report by Nikkei, which did not cite its sources.
If the shift is implemented, Honda’s U.S. vehicle production could see an increase of up to 30% over the course of two to three years.
This would mean that 90% of Honda’s U.S. unit sales would be comprised of locally-made cars, a considerable increase from the current proportion.
The possible production shift is seen as Honda’s strategic response to auto tariffs, aiming to optimize its manufacturing and sales operations. The company has yet to officially confirm this plan.
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