Showing posts with label Auto Yen Issues. Show all posts
Showing posts with label Auto Yen Issues. Show all posts

Tuesday, August 9, 2011

Honda says studying shift overseas to avoid yen effect

* Working under assumption of 80 yen to dollar over next 3 years* Exports from Japan unsustainable at current dollar-yen rate -CFO* Discussion of shifting output to continue until last minute -CFO* Not optimistic that yen will weaken -CFO* Honda move could put pressure on Toyota, Nissan (Adds details)By Chang-Ran Kim, Asia autos correspondentTOKYO, Aug 9 (Reuters) - Honda Motor Co is studying