Honda warns it may not build new North America plant without trade deal extension
- Plans for an eighth assembly plant in North America could be shelved by Honda unless a crucial regional trade agreement is extended, according to a top executive at the Japanese vehicle manufacturer.
- Negotiations are currently underway between the Trump administration, Mexico, and Canada regarding the future of the free trade deal known as the USMCA.
- Speaking at a media roundtable in Washington, Honda Executive Vice President Noriya Kaihara explained that the company requires an additional factory as its existing North American facilities approach full production capacity.
Unverified
- Plans for an eighth assembly plant in North America could be shelved by Honda unless a crucial regional trade agreement is extended, according to a top executive at the Japanese vehicle manufacturer.
- Negotiations are currently underway between the Trump administration, Mexico, and Canada regarding the future of the free trade deal known as the USMCA.
- Speaking at a media roundtable in Washington, Honda Executive Vice President Noriya Kaihara explained that the company requires an additional factory as its existing North American facilities approach full production capacity.
Sources: The Independent