Sanyang and Honda terminated 40-year cooperative relations

Sanyang Industry and Honda respectively announced yesterday (January 10, 2002) that the both of them had terminated their cooperative relations.  Honda schedules to set up a corporation in Taiwan in March of this year, in order to establish a sales and maintenance network for Honda motorcycles and autos in Taiwan, which will be positioned as a supply center of spare parts in Asia Pacific.  Sanyan will seek a new partner, which schedules to announce the new partner at the end of this month and start manufacturing new locally-made cars as of September.

Honda Taiwan will assume as a core enterprise responsible for promoting Honda’s business in Taiwan and set up a sales and maintenance service center at the beginning.  In the future, Taiwan will play a role as the industrial center of spare parts in Asia-Pacific area of Honda’s global market, supplying Honda’s local automakers in Taiwan and neighboring countries with relevant spare parts.  In a long-term plan, Honda will engage in manufacturing cars in Taiwan.

   Source: Economic Daily News 01/11/2002, 01/10/2002

              China Times 01/11/2002