Honda to make cheap cars

Honda to make cheap cars

TOKYO (AFP): Japan's Honda Motor Crop. plans to produce lower- priced passenger cars in the Philippines and Indonesia in the company's new strategy for the Asian market, Jiji Press said yesterday.

The Japanese carmaker already unveiled a similar plan to annually produce 6,000 units of the so-called "Asian cars" in Thailand.

These plans are aimed at meeting growing demand for cheaper cars in Asia, Jiji said. Honda is expected to sell the car for around one million yen (US$12,000).