Click here to read the entire story from BloombergHonda Motor Co. may double North American production of its compact CR-V, the best-selling sport- utility vehicle in the U.S., as demand for large, truck-based SUVs fades, according to two analysts.
CR-V sales jumped 44 percent this year to 167,223 through September, eclipsing Ford Motor Co.'s Explorer, the U.S. leader in 14 of the past 15 years, at 108,535. Tokyo-based Honda wants 80 percent of the autos it sells in the U.S. to be made in North America, meaning a shift in CR-Vs, now mostly imported.
``They'll push for more production as quickly as possible,'' said analyst Catherine Madden, an analyst for market forecaster Global Insight Inc. in Lexington, Massachusetts. ``Honda is sensitive to the split of import versus locally sourced product. It never leaves the back of their mind.''
By Alan Ohnsman - Bloomberg