- Title: Japan's Honda and Yamaha to partner on small scooters
- Date: 5th October 2016
- Summary: TOKYO, JAPAN (OCTOBER 5, 2016) (REUTERS) ****WARNING CONTAINS FLASH PHOTOGRAPHY*** HONDA MOTORS CHIEF OPERATING OFFICER FOR MOTORCYCLE OPERATIONS, SHINJI AOYAMA, AND CHIEF GENERAL MANAGER OF MOTORCYCLE BUSINESS OPERATIONS AT YAMAHA MOTORS, KATSUAKI WATANABE, TAKING SEATS AT PRESS CONFERENCE ROOM HONDA AND YAMAHA JOINT NEWS CONFERENCE IN PROGRESS (SOUNDBITE) (Japanese) HONDA MOTORS CHIEF OPERATING OFFICER FOR MOTORCYCLE OPERATIONS, SHINJI AOYAMA, SAYING: "The market decline (for scooters) over the years have been tough for both companies in terms of business. This led us to consider a partnership that could yield merit for both companies." NEWS CONFERENCE IN PROGRESS REPORTERS LISTENING (SOUNDBITE) (Japanese) CHIEF GENERAL MANAGER OF MOTORCYCLE BUSINESS OPERATIONS AT YAMAHA MOTORS, KATSUAKI WATANABE, SAYING: "Yamaha is manufacturing its 50cc scooters in Taiwan. The amount of production in Taiwan is about 350,000, so the impact (of the production shift) will be about 40 to 50 thousand bikes. We think the effect will be relatively limited." NEWS CONFERENCE IN PROGRESS HONDA AND YAMAHA LOGO
- Embargoed: 20th October 2016 10:05
- Keywords: Honda Yamaha scooters production Japan
- Location: TOKYO, JAPAN
- City: TOKYO, JAPAN
- Country: Japan
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA00152Q9MKT
- Aspect Ratio: 16:9
- Story Text: Japan's Honda Motors and Yamaha Motors held a joint news conference on Wednesday (October 5) to announce its partnership for producing a new line of small-scale scooters, and added that a portion of its production will shift from Taiwan to back home.
Both companies, considered fierce rivals in the global motorcycle business, said they would join forces in production and development of two-wheelers as a sharp decline in their home market takes a toll.
"The market decline (for scooters) over the years have been tough for both companies in terms of business. This led us to consider a partnership that could yield merit for both companies," said Shinji Aoyama, chief operating officer for motorcycle operations at Honda Motors.
Yamaha will shift its production in Taiwan of 50cc scooters sold in Japan to Honda's Kumamoto factory in southern Japan.
Around 350,000 scooters are produced in Taiwan and the shift will effect 40 to 50,000 bikes, he added.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2016. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None