Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Honda Said to Plan 1 Billion Reais Compact Car Factory in Brazil

Aug. 7 (Bloomberg) -- Honda Motor Co., Japan’s third-largest automaker, plans to invest 1 billion reais ($435 million) building a second factory in Brazil, two people familiar with the matter said.

The plant, located in Itirapina, about 200 kilometers (124 miles) northwest of Sao Paolo, will start production of compact cars from 2015, the people said, confirming an earlier Estado de S. Paulo report. The people asked not to be identified because the company hasn’t publicly disclosed the investment.

Brazil, the largest auto market in Latin America, will probably see economic expansion accelerate to 2.3 percent this year and 3.1 percent next year, according to the median of analyst estimates compiled by Bloomberg.

To contact the reporter on this story: Yuki Hagiwara in Tokyo at yhagiwara1@bloomberg.net

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.