Honda Bringing Acura to China with This Move

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Already the world?s largest auto market, China is expected to surpass the U.S. as the biggest buyer of premium cars by the end of the decade. By then,?Honda Motor Co.?(NYSE:HMC) hopes to have a solid base for its luxury line in China. The Japanese automaker announced it is expanding its partnership with a Chinese car company to jointly produce Acura models in the coming years.

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According to a Wednesday press release, Honda will team up with Guangzhou Automobile Group?to produce Acuras by 2016. The two companies have partnered in selling other Honda products since 1998, but this move would be the first step toward production of Honda?s premium Acura brand.

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