Honda, Yamaha Motor to hold news conference regarding motorcycle biz

05 Oct, 2016 9:07 am

TOKYO – Japan’s Honda Motor Co and Yamaha Motor Co said they would hold a joint news conference at 3:30 pm (0630 GMT) on Wednesday concerning their motorcycle businesses.

The Nikkei business daily reported on Wednesday that the two companies – fierce rivals in the global motorcycle business – would join forces in the production and development of two-wheelers as a sharp decline in their home market takes a toll.

Yamaha will shift its production in Taiwan of 50cc scooters sold in Japan to Honda’s Kumamoto factory in southern Japan, the Nikkei said. -Reuters

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