Honda plans to boost China exports 70 pct in 2007

Newswire

SHANGHAI, June 1 (Reuters) - Honda Motor Co. , Japan's second-largest auto maker, plans to boost its vehicle exports from China by 70 percent this year to take advantage of lower production costs, the company said on Friday. Honda, which started making Jazz compact cars in China three years ago targeting the European market, is expected to ship 42,000 units overseas this year, up from 24,600 in 2006, it said in a statement. Honda, which competes with carmakers such as Toyota Motor Corp. ...

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