Honda sets lower sales target in shift away from expansion

Automaker to reduce production and model variations to improve efficiency

20190508N Honda 1

Honda's Ohio plant, which produces the mainstay Accord and others, will cut production from August.

KEIICHI FURUKAWA and TATSUYA OKADA, Nikkei staff writer

TOKYO -- Honda has set an automobile sales target for fiscal 2019 that is lower than the previous year as the company strives to streamline operations in a reversal of a past expansion strategy that ultimately hurt profits.

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