Honda's Executive Vice President Noriya Kaihara said at a press conference in Washington that the company's production capacity in North America is nearly at its limit and a new plant is needed. However, he noted that if an agreement on the USMCA (United States-Mexico-Canada Agreement) is not reached in the future, the company may have to change its policy. He stated that the company aims to make a decision within one to two years and have the plant operational by around 2030. He also mentioned that Honda is currently not passing on the costs of tariffs to North American buyers.
Honda Motor Co., Ltd.Honda's North American production capacity is nearly at its limit, indicating strong demand for its vehicles, and a new plant is planned.
