Honda to buy more foreign parts for Japan-made cars

Newswire

By Chang-Ran Kim, Asia autos correspondent TOKYO, May 22 (Reuters) - Honda Motor Co aims to buy more components overseas for cars it builds in Japan to reduce production costs and make its domestic factories competitive even with a dollar below 100 yen, its chief executive said on Thursday. Honda, Japan's No. 2 automaker and the world's top motorcycle maker, announced plans a day earlier to drastically reform its manufacturing processes to boost efficiencies and help weather intensifying ...

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