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.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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below