This excerpt taken from the HMC 6-K filed Oct 19, 2005.
n Honda Automobile (China) Begins Auto Exports
Honda Automobile (China) Co., Ltd. (CHAC), an export automobile production joint venture of Honda Motor, Honda Motor (China) Investment Co., Ltd. (HMCI), Guangzhou Auto Group Co., Ltd. (GHAC), and Dongfeng Motor Group Co., Ltd., began exports to Europe of compact passenger car the Jazz.
Ceremonies to commemorate the start of export operations were held at Xinsha Port in Guangzhou. A number of dignitaries and guests attended and observed the first shipment of 150 units of the Jazz manufactured by CHAC loaded onto a car carrier ship.
CHAC began mass production of the Jazz in April 2005, as the first auto production plant in China dedicated exclusively to exports, and expects to manufacture approximately 10,000 units of the Jazz in 2005. Every vehicle produced by CHAC will be exported to European markets, including Germany, and marketed through local Honda subsidiaries.
CHAC is leveraging the production know-how and parts procurement network established by Hondas existing automobile production joint venturesGuangzhou Honda Automobile Co., Ltd., and Dongfeng Honda Engine Co., Ltd.and increasing competitiveness in the areas of quality and cost by leveraging economies of scale achieved through the relationship with them. CHAC is the first passenger carmaker in China to begin full-scale exports to European markets.
Jazz models being loaded for shipment to Europe