Honda's China car venture quadruples capacity

Newswire

SHANGHAI, Feb 27 (Reuters) - Honda Motor Co.'s China venture said on Monday it has completed a 2.8 billion yuan ($348 million) expansion to quadruple annual production capacity to 120,000 vehicles. Dongfeng Honda Automobile Co. Ltd., based in central Hubei province, said in a statement it expected to begin producing Civic sedans at the expanded facility in spring. Foreign auto makers such as General Motors Corp. , Ford Motor Co. and Volkswagen A.G. are investing $15 billion to triple ...

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