-2.1 C
New York City
Thursday, February 2, 2023
Home Around-the-World GAC, Honda End Production of Acura Brand in China

GAC, Honda End Production of Acura Brand in China

Chinese carmaker Guangzhou Automobile Group (GAC) said on Monday its joint venture with Honda Motor is no longer producing or selling products under the Japanese firm’s premium Acura brand.

GAC will continue to provide after-sales services to Acura customers in China through the joint venture’s network, it said in a statement to Reuters. The joint venture will continue to produce other Honda brands.

Acura is the second foreign car brand to exit China, the world’s largest auto market, in recent months. In October GAC said it was closing its joint venture with Stellantis, which made Jeep vehicles, following a sharp decline in Jeep sales in China over the past four years.

GAC-Honda, which started producing Acura cars in 2016 in China, only sold 6,554 of them in the country in 2021, down 45% from the previous year. (Reuters)

©Copyright MOTORING WORLD INTERNATIONAL. All rights reserved. Materials, photographs, illustrations and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior written permission from Motoring World International

Contact: info@motoringworldng.com

Most Popular

INEOS Grenadier Partners Coscharis Motors in Nigeria

INEOS Automotive has named Coscharis Motors as its official retail partner in Nigeria. The country is now the sixth market in Sub-Sahara Africa to...

Ford to cut prices of Mustang Mach-E, following Tesla’s lead

Ford Motor Co on Monday cut prices of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle, weeks after rival...

Chip Shortage:VW’s Skoda Auto Cuts Production

Volkswagen's Czech subsidiary Skoda Auto is cutting production this week due to chip shortages, trade unions at the carmaker said. Some shifts will be cancelled...

Ojuelegba Truck Accident: Sanwo-olu Directs Trials of Truck Owner, Driver

ROTIMI ASHER, Lagos As Lagos State Government commiserates with the families who lost their loved ones in the Ojuelegba truck accident on Sunday, January 29,...
%d bloggers like this: