Honda may step up UK investment

Honda may step up UK investment

Honda may bring forward investment plans for its UK car plant because of the high cost of the yen, the company's president and chief executive, Nobuhiko Kawamoto, said yesterday. Honda is to start production of a new model at its Swindon plant and is spending £330m to boost annual capacity to 150,000 cars by the end of the decade. But the yen has appreciated 20 per cent against the dollar this year, forcing Honda to reconsider its strategic plans

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