Japan’s new loans for fixed investment rose 7.1 percent in the first three months of the year, the sixth straight quarterly gain, helped by increased borrowing from non-manufacturing, logistics and welfare companies.
Honda Motor Co.’s choice to build what it calls a racing-oriented “supercar” in Ohio highlights confidence in its U.S. engineers and plants. It also shows the difficulty of producing autos in Japan as the yen rises.
Honda Motor Co., the first Japanese automaker to build cars in the U.S., is consolidating corporate operations for North America in Ohio and setting up a regional support services unit there to boost efficiency.
Honda Motor Co., which gets the highest portion of autos sold in the U.S. from North American plants among Asian and European automakers, will produce its Acura NSX sports car in Ohio, President Takanobu Ito said.
Erik Berkman’s iPhone wallpaper isn’t of his wife, children or dog. When Honda Motor Co.’s new North American development chief gets a text message, he sees a background picture of the automaker’s V-6 IndyCar racing engine.