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Honda seeks loan


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Why would it be news here? They are setting up vehicle financing to sell cars in India with a public bank called Punjab National Bank.

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Why would it be news here? They are setting up vehicle financing to sell cars in India with a public bank called Punjab National Bank.

 

Honda Seeks Tokyo Loan for U.S. Operations

Article Slideshow Comments (7) more in Asia »

BY YOSHIO TAKAHASHI

TOKYO -- Honda Motor Co. said it is seeking a government loan to help shore up funds at its U.S. operations, becoming the latest Japanese auto maker to ask for Tokyo's help in doing business abroad.

 

The development comes one day after the financial arm of Toyota Motor Corp., the world's largest auto maker by sales, said it is in talks with the Japan Bank for International Cooperation to line up financing.

 

Unlike their U.S. counterparts, Japanese car makers have plenty of cash on hand, even though they ...

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