Honda says it is pushing back the start of production by at least six months at its first-ever Argentina assembly plant in response to rapidly dwindling global demand. The $100 million assembly plant was set to build up to 30,000 Honda products annually for the formerly growing markets of Argentina and Brazil beginning in late 2009.
“We have to adjust our production as demand in the global auto market continues to fall sharply,” Honda spokesman Hideto Maehara said. “Car sales have been very weak around the world, and we don’t really know when the market recovers.”
The Argentine factory will employ 800 workers, though Honda did not confirm how they will be affected by the delay. It’s unlikely the plant will begin producing vehicles prior to Spring of 2010.
01/07, 9:20 AM
posted by:
mayer_ray_nagin
Don’t cry for me.
01/07, 9:29 AM
posted by:
Need more oil for GM
More bad news for the Japs. As if anyone cares.
01/07, 9:40 AM
posted by:
christianboy10
Hey this isnt news.There are nothing positive coming from honda lately
01/07, 11:02 AM
posted by:
Borat
Need more oil for GM, looks like much more bad news for US citizens: we are paying for lazy your a$$ salary to post here out of our own pocketbooks. Have you heard of GM bailout at my and my children expense? Let Japs worry about Japs, lets worry about our problems.
01/07, 11:16 AM
posted by:
Need more oil for GM
HAHAHA. maybe if you did the right thing and bought an American vehicle like GM in the first place, we wouldn’t need you money? How’s your job security bub?
Maybe you need to teach your kids to buy GM so they’ll have a future unlike yourself if you continue buying japcrap and nazimobiles.
01/07, 11:18 AM
posted by:
Bubs Solo
Actually Borat
We are making money off of GM because the bailout is actually a loan and the loan has an intrest rate. And because the prime rate is zero any intrest is profit. Hence you and your children are making money in the long run.
What will you do with your money Borat? You could buy your sister back in Kazakhstan and make sexy time… High five!!
01/07, 11:45 AM
posted by:
Chabot23
Need more oil for GM:… You do realize that GM pulled quite a bit of production out of the states to produce in cheaper labour countries such as Mexico right?… So don’t be fooled… quite a bit of your precious GM products are not produced domestically… However… Manufacturers such as Toyota and Honda actually have MORE % of there product that sells in North America built in North America then that of GM… Just a little FYI…. So go ahead and buy domestic… Chances are more Honda and Toyotas you buy will have been built here anyways.
Thanks
01/07, 12:27 PM
posted by:
Madcapp
¿Que?
01/07, 12:44 PM
posted by:
Tripleoneflipper
This story must be fake. I hate America but sure love Planet Drive.
Love
1115
P.S. Acura’s will rule the world.
01/07, 12:48 PM
posted by:
Tripleoneflipper
Ironic, I was just on the “Transgender Thong of Brazi” porn site. LOL LOL LOL LOL
Love 1115
01/07, 1:08 PM
posted by:
Borat
We making money off GM? That is IF GM will repay back the loan. Do you nincompoops understand why GM needs Uncle Sam’s welfare check? Because no one in right (or even not right) mind would trust them re-pay the loan. And it will be freezing in hell when GM will re-pay anything. Eventually, GM will be dissolved, unfortunately it will cost us about 300 billions or more.
Or another bright scenario, is that Russians will buy remaining worthless shares on top of 5% they already own and move corporate headquarters to Kazakhstan. Once Need more oil for GM arrives, I will personally invest my personal fortune into local members of man-boy association to perform sodomy on him just like in Pulp Fiction with ball and chains!
01/07, 1:48 PM
posted by:
anti-believer
NEED more OIl…. it’s not all about buying more from GM, Ford and Chrysler…. DUMBass
They shift manufacturing from the US to other countries providing work for other people other than US.
Manufacturing is nothing like it was 60 years ago.
01/07, 1:56 PM
posted by:
Borat
At very least Honda’s manufacturing in Argentina does not cost us (US taxpayers) billions of dollars. GM’s factories in China and So. Korea do costs up pretty penny. And Need More Tax Dollars For GM.
01/07, 2:14 PM
posted by:
Bubs Solo
Borart
Time will tell…but the likely hood of GM making repayments is much greater than you think. Get your 2013 calender out and mark down the day I get to say to you…. I told you so. Don’t hold your breath for wall streets money though.
High Five!!
01/07, 3:12 PM
posted by:
Borat
Bubs Solo, I do believe that either Wall Street thieves or Big 2.6 thieves have no intentions to repay anything to US citizens. All of those thieves committed crime when they burned out investors equity, burning out our taxes is not a crime. That’s what makes me an optimist!
The difference between Big 2.6 and Wall Street, that on Wall St. most of workers just worked their asses off and crimes were committed by few at the top. In the case of Auto Big 2.6, management and unions are equally involved and equally to share the blame. Instead of blame they are enjoying tax fall bonanza; welfare queens could not dream of such a racket.
01/07, 4:14 PM
posted by:
Bubs Solo
Dude the D3 execs got blamed and grilled by congress…all that crap about private jets and such…no public scolding for the deregulated greedy banks. They are the welfare queens…Gm will be fine… Cerberus could go R9.
01/07, 7:18 PM
posted by:
tyler_is_aero_tt
NMOFGM you realize Honda is in 1000 times way better condition than GM is right now? I would think twice about what I wold post.