Motor Co. Ltd. CEO and President Takeo Fukui reportedly details the auto maker’s plans for 2007 and beyond in a year-end press conference today in Tokyo.
Fukui saysthis year will achieve record global sales of 3.55 million units, up 5% from 2005. The global figure includes a record 1.51 million units in the U.S. in 2006, up 3% from last year.
Honda is calling for sales of 1.56 million units in the U.S. in 2007.
In Japan, Honda predicts sales will fall 2% to 700,000 units this year, but European sales will be up 8% to 310,000 units in 2006 and, in 2007, rise 13% to 350,000 units.
Due to the success of the new CR-V small cross/utility vehicle, Honda says it will add production of the CUV to its Mexico plant next fall.
Fukui also confirms Honda will debut the next-generation Accord in fall 2007 in North America.
In South America, Honda is set to double the capacity of its Brazilian automobile assembly plant, to 100,000 units by the end of 2007.
In Japan, Honda will build a new engine plant in Ogawa, Saitama prefecture, north of Tokyo, Fukui says. The ¥25 billion ($212 million) plant will commence production in summer 2009 with 500 workers.
Honda also will debut a new 7-seat vehicle next spring in Japan, he says.
In China, Honda’s joint venture, Guangzhou Honda Automobile Co. Ltd., may establish a research and development center, reports say.
Honda says Chinese sales will end the year up 23% to 320,000 units.