Japan's Honda starts car operations in Vietnam

Newswire

CHENNAI, India, Aug 24 (Reuters) - Honda Motor Co. , Japan's third-biggest auto maker, said on Thursday it entered the car market in Vietnam with the launch of its Civic sedan, production of which began last month in the suburbs of Hanoi. The new factory, which has an annual output capacity of 10,000 units, will also assemble engines -- a first for an auto plant in Vietnam, Honda said in a statement. Cumulative investment, including for a sales network, is expected to reach $60 million ...

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