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).