The United Kingdom’s vote to exit the European Union hasn’t scared Honda away, as the car company has no intention of withdrawing from the country.
However, that doesn’t mean it won’t keep an eye on the factors that could affect it directly, as Executive Vice President, Seiji Kuraishi said, cited by AutomotiveNewsEurope.
“We need to carefully watch currency exchange and sales trends. But we have no intention of withdraw from the UK and will continue doing business here.“
Honda is currently investing approximately £200 million ($244 million) in its factory located in Swindon, in order to expand production of the five-door Civic hatch, which is being exported not just to EU markets, but also Japan and the United States. “We hope to keep the current production capacity“, Kuraiashi added.
The Japanese-based manufacturer’s announcement comes just a few days after Nissan said that it will continue to build the next generation Qashqai and X-Trail in Sunderland, England, after it received the support of the British government.
Unlike their rivals, Honda hasn’t asked the local government for help. Nonetheless, Kuraiashi believes that the support offered to Nissan should apply to all automakers.