Honda to double sale to Europe this year
Afp, Beijing
Japanese car maker Honda Motor Co said Friday that it expected to export 42,000 Jazz model cars made in China to Europe this year, up sharply on last year's shipments of 24,600. The auto maker said in a statement that one of its local joint ventures, Honda Automobile China Co Ltd, the first producer in China to specialize in supplying vehicles for overseas markets, has produced 50,000 vehicles. Honda Motor and its Chinese subsidiary own a combined 65 percent stake in the venture, which started producing the Jazz in April 2005, with the remaining stake held by its local partners Guangzhou Auto and Dongfeng Motor Corp. The joint venture exports Jazz model cars to Australia and European countries including Germany, Britain, Italy, France and Sweden.
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