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Old 12-21-2008, 02:25 PM   #1
AVANTI R5
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Default Honda Threatens to Leave Japan




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Just-auto reports that Honda is dropping dark hints about its future as a Japanese domestic. In fact, if the island nation’s government doesn’t do some of that currency manipluation that Detroit’s been blaming for their lost U.S. market share for God knows how long, HoMoCo may up stakes and move. “

Chief executive Takeo Fukui told a small group of reporters in Tokyo on Friday the strong yen could cripple Japanese industry and spur massive layoffs, and added the automaker would be forced to send more production overseas if the dollar persisted below JPY100. ‘If the government is saying, ‘We don’t care about the export industry’, then that’s fine - we’ll act accordingly… we could switch to importing more cars into Japan, bring research and development facilities overseas, and in an extreme scenario move our headquarters offshore.

It would cause nothing short of a hollowing out of Japanese industry.” Whoa. So much for the suggestion that Detroit’s been hobbled by Japan’s support for its domestic automakers. Who’d a thunk it? Just-auto »
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Old 12-21-2008, 02:51 PM   #2
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sounds like honda's goin after maybach again. we all remember how much weight that statement carried.
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Old 12-21-2008, 03:45 PM   #3
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They said the same thing years ago, nothing new.
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Old 12-21-2008, 04:21 PM   #4
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Originally Posted by dclin View Post
They said the same thing years ago, nothing new.
Except the economic conditions and auto markets have never been this bad, post war. Its a totally different global economy.
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Old 12-21-2008, 04:56 PM   #5
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HoMoCo
thats gay
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Old 12-21-2008, 05:19 PM   #6
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thats gay
That's an abbreviation.
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Old 12-21-2008, 05:25 PM   #7
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And WHERE might they move to?
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Old 12-21-2008, 05:56 PM   #8
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They don't have to "move" anywhere. They already have massive operations in Europe and the US.
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Old 12-21-2008, 06:12 PM   #9
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So we need another world war to destroy everything. this way the worlds powers can reset their economies because economic strength is in growth. Where is all the money anyway...? It got lost in business that have no physical product!
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Old 12-21-2008, 06:20 PM   #10
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I see the spark of a plan -- move headquarters, production, and research to the United States and they become a domestic auto maker . Let GM and Chrysler go bankrupt, and we can move forward with two domestic auto makers -- HoMoCo & FoMoCo .
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Old 12-21-2008, 07:46 PM   #11
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That's, like, whoa.
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Old 12-21-2008, 08:44 PM   #12
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Originally Posted by Scooby-Doode View Post
Except the economic conditions and auto markets have never been this bad, post war. Its a totally different global economy.
I merely said that they've threatened to leave Japan before. In other words, it's nothing shockingly new (though significant of course) from Honda. The 'why' isn't the main subject, and apparently the folks at Just-Auto were not around the last time Honda 'dropped hints'.

I don't need to be reminded how bad the economy is; I work in the financial industry.
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Old 12-21-2008, 10:22 PM   #13
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Originally Posted by Scoobie Doogie View Post
That's an abbreviation.
that's a gay abbreviation.
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Old 12-21-2008, 10:45 PM   #14
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Quote:
Originally Posted by Scrotus View Post
I see the spark of a plan -- move headquarters, production, and research to the United States and they become a domestic auto maker . Let GM and Chrysler go bankrupt, and we can move forward with two domestic auto makers -- HoMoCo & FoMoCo .
Some R&D and production are already here stateside. IIRC, the newest generation of the Civic was designed entirely in California.
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Old 12-21-2008, 11:22 PM   #15
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empty threats
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Old 12-22-2008, 06:15 AM   #16
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that's a gay abbreviation.
Beat me to it!
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