Paper says Honda to build bew plant
TOKYO - Honda Motor Co. plans a second plant in Europe outside the UK to build small passenger cars, a Japanese newspaper reported.
Asked about the report, a Honda spokesman said that 'we don't have any plans at present to build a second European plant.'
The business daily Nihon Keizai Shimbun said Honda has decided to build a new European plant outside the UK partly on expectations that the UK is likely to stay out of Europe's economic and monetary union.
The paper said the new plant will produce 100,000-200,000 small cars a year.
Reuters News Service
Chrysler makes Jeeps in Argentina
CORDOBA, Argentina - Chrysler Corp. has opened its $165 million assembly plant in Cordoba, Argentina. It will build 3,500 Jeep Grand Cherokees this year. In 1998 the plant will add the Cherokee and raise total output to 10,000 units. Output will rise again to 16,000 units in 1999. Capacity, with two shifts, is 20,000 units a year.
Chrysler also plans a $135 million plant in Campo Largo, Brazil, which will build Dakota pickups.
Brazilian supplier sets up in Hungary
SAO PAULO, Brazil - Sabo Industria e Comercio Ltda., a Brazilian group, has opened a components plant in Enese, Hungary. The $2.5 million plant will make seals. It will be operated by Sabo's subsidiary Kaco Hungary KFT. Kaco's main customer is Opel.
Mercedes studies traffic in India
BANGALORE, India - Daimler-Benz Research Center India will recruit a further 40 researchers. One of four Mercedes-Benz r&d centers around the world, the center specializes in computer software. Its staff is planned to rise to 50. The India center is working on improvements to Mercedes' Intelligent Traffic Guidance System, which launched in Japan this spring.
Daewoo sets Polish output target
WARSAW - Daewoo-FSO Motor Corp. plans to build 550,000 passenger cars a year by 2001.
The joint venture company's plant near Warsaw will build the Lanos starting March 1998. The Lanos, Nubira and Leganza will be assembled from kits starting this autumn. Daewoo-FSO claimed the Lanos' local content would reach 80 percent by 2000.
GKN to make driveshafts in Thailand
LONDON - GKN has set up a joint venture in Thailand to make constant-velocity driveshafts. Its partner Concept Management Co. Ltd. will own 49 percent. The plant in Rayong Province will cost £15 million ($24 million) over three years. It will supply Thai assembly plants.
Reuter News Service