TOKYO (Kyodo) -- Honda Motor Co. said Wednesday it will end car production in Argentina next year as part of efforts to streamline its global production allocation.
The Japanese automaker produced about 10,000 units of its HR-V sport utility vehicle while making around 100,000 motorcycles at a plant in Campana, Buenos Aires, last year.
A company spokesman said it has been difficult to maintain profitability in the country's shrinking auto market while a falling Argentina peso has pushed up the cost of imported auto parts.
Honda has already announced it will close an auto plant in Britain and terminate Civic sedan production in Turkey, both in 2021, as part of its restructuring of global production.
In South America, Honda has two factories making four-wheel vehicles in Brazil, annually producing around 240,000 units in total.