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Honda, Yamaha Motor to hold news conference regarding motorcycle biz
October 5, 2016 / 1:46 AM / a year ago

Honda, Yamaha Motor to hold news conference regarding motorcycle biz

A woman walks past a logo of Honda Motor Co outside the company's dealership in Tokyo, Japan, January 27, 2016. REUTERS/Yuya Shino

TOKYO (Reuters) - Japan’s Honda Motor Co and Yamaha Motor Co said they would hold a joint news conference at 3:30 p.m. (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.

Reporting by Chang-Ran Kim; Editing by Eric Meijer

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