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Honda delays Hubei investment plans

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2015-10-23 09:25Global Times Editor: Li Yan

Honda Motor Co will delay the construction of a planned $822 million plant in Wuhan in Central China's Hubei Province, as demand slows in the world's largest auto market, Bloomberg reported.

Honda had planned to start construction on a third plant with Dongfeng Motor Group Co this year, but it may now start building the plant around 2017, Chen Binbo, vice president of Honda's joint venture with Dongfeng, was quoted as saying in the report.

  

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