Honda to boost US manufacturing, shift production from Canada, Mexico in response to Trump tariffs
1. Honda plans to expand US production by 30% in response to tariffs. 2. Target is 90% of US sales from domestically built vehicles. 3. Shift includes moving CR-V from Canada and HR-V from Mexico. 4. Sales rose 5% in Q1 2023, indicating market strength. 5. Industry reshaping due to new import tariffs impacting manufacturers.