Honda to focus on Thailand as base for new small car

Honda subsidiary Asian Honda has announced that it will focus on Thailand as a base for its new small car to be launched in 2011, reports the Hindu Business Line. Asian Honda Motor President and Chief Executive Officer Fumihiko Ike said that Thailand will be the export base for the Association of Southeast Asian Nations (ASEAN) region and parts of Europe for the small car. He added that Honda’s top priority will be to increase its production capacity utilization rate to 100% in Thailand, from the current 50%. (February 5, 2010)