JAKARTA — Honda Motor Co. Ltd. says it will form a joint venture with PT Prospect Motor, a local ethnic Chinese firm this month to handle operations ranging from production of parts to wholesale activities for Honda. Four local firms currently perform the operations. The new company, PT Honda Prospect Motor, will be headquartered in Jakarta and is owned 51% by Prospect Motor, with the remainder held by Honda. The new firm will take over production of three types of Honda passenger cars, ...
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