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Honda Europe Seeks Return to Profit in 2013/14, Reuters Reports

Feb. 20 (Bloomberg) -- Honda Motor Co. wants to be profitable in Europe again by the fiscal year 2013/14, Reuters reported, citing Manabu Nishimae, head of the carmaker’s European operations.

Honda plans to build more cars in Europe to be less dependent on currency exchange rates, the newswire reported. Nishimae added that the carmaker plans to double production in the U.K. and wants to sell 300,000 cars in Europe in 2014 or 2015, Reuters added.

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.

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