Honda and GAC to construct $430 million Chinese plant for new-energy cars
Honda Motor’s joint venture with GAC Group is going to invest 3.27 billion yuan ($469 million) in new-energy vehicle production in China, GAC stated in a stock exchange filing on Wednesday. The move is part of Honda and GAC’s target to meet China’s tough green car quotas. The Honda-GAC joint venture is going to construct
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Honda Aircraft expects rise in light jet deliveries in next year
Honda Aircraft chief executive Michimasa Fujino stated on Tuesday he expects deliveries of the HondaJet to increase in 2019 above the estimated 50 aircraft customers will take this year, as the light business plane maker thinks of targeting Asia for growth. In last year, the division of Honda Motor provided 43 of the six-seater light
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Trump metals tariffs to cost Ford $1 billion in profits, says Ford CEO
Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor about $1 billion in profits, its chief executive officer stated on Wednesday, where as Honda Motor stated higher steel costs have brought “hundreds of millions of dollars” in recent costs. “From Ford’s perspective the metals tariffs took about $1 billion in profit
Honda recalls another 69,000 vehicles in China due to engine problem
Honda Motor is going to recall 69,090 UR-V sport utility vehicles (SUVs) in China, market regulators stated on Thursday, as a result of a cold-climate engine problem that has already forced the recall of hundreds of thousands of automobiles. The UR-V is produced and sold in China by the automakers joint venture with the Dongfeng
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Honda Motor to recall 96,900 SUVs in China
Honda Motor on Monday stated it is going to recall 96,900 Avancier sport utility vehicles (SUVs) in China, because of a cold-climate engine problem that has already resulted in hundreds of thousands of its vehicles being recalled previously this year. The midsize Avancier is produced and sold in the China by one of Honda’s two
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General Motors to sell new electric car batteries to Honda
General Motors will provide advanced batteries to Japan’s Honda Motor, the companies stated Thursday, a move that could apparently reduce the expense of future electric vehicles at both automakers after 2020. The automaker stated the new batteries, which it has branded EME 1.0 and first described last fall, will be smaller than present EV batteries,
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Honda will sell Hondajet in Japan from 2019
Honda Motor stated on Wednesday it would start selling its six-seater business jet in Japan from 2019, as it looks forward to increase global sales by tapping into need from a growing class of high net-worth individuals. The automaker is presently awaiting certification for the plane both at home and in China, after having already
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Honda raises profit forecast, finds China surpassing U.S. as biggest market
Honda Motor on Friday stated it expected China would surpass the United States as its most significant market for automobiles in the coming years after higher sales in Asia triggered the automaker to raise its full-year profit outlook by 4 percent. Honda, Toyota Motor, Nissan Motor and other Japanese automakers presently count the United States
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Honda plans to establish electric car battery plant in India
Honda aims to take first steps in it’s electric vehicle journey in India Japanese automaker Honda Motor plans to establish a lithium ion battery producing unit in India as it looks to tap the emerging, possibly profitable electric automobile opportunity in the country. Honda Cars India Ltd will next recognize the type of electric vehicles
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Honda reports twentieth death from an exploding Takata air bag
Honda Motor stated another individual has been killed by an exploding Takata air bag inflator. The company stated the person passed away when a 2004 Honda Civic crashed July 10 in Baton Rouge, La. Officials from Honda and the National Highway Traffic Safety Administration (NHTSA) checked the automobile Tuesday and confirmed that the inflator blew
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Honda’s electric vehicles to charge in 15 minutes
There are a number of charging advancements under development for electric vehicles. Some appear more realistic than others, especially when you think about expenses, however they depend on a variety of elements. Battery density, materials, charging output and onboard charging ability are all variables at play, and automakers, tech companies and universities are among the
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Honda joint ventures in China to recall 254,650 vehicles
Honda Motor’s joint-venture companies in China will recall an estimated of 254,650 Honda-brand vehicles starting on January 8, 2018, the Japanese automaker stated. The recall is to fix malfunctioning rear-view mirrors on the doors of Honda car models sold in China, consists of the Elysion and the Spirior, produced between 2013 and earlier this year,
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Honda is recalling 900,000 minivans as seats may tip forward
Honda Motor stated on Saturday that it was recalling about 900,000 minivans because second-row seats may tip forward if not effectively latched after being adjusted. The automaker stated the recall covered 2011-2017 Honda Odyssey minivans, all but 2,000 of which concerns North America, and that it had 46 reports of small injuries associated with the
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Honda increases full-year operating profit projection on Asia sales
Honda Motor on Wednesday raised its projection for full-year operating profit by 2.8 percent as it anticipates to sell more vehicles and bikes this year, especially in Asia, while it likewise sees cost reductions and a weaker yen increasing its bottom line. Japan’s third-biggest automaker prepares for an operating profit of 745.0 billion yen ($6.54
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Honda to add compact electric vehicles in Japan in 2020
Honda Motor stated on Wednesday it would start selling compact electric vehicles (EVs) in Japan in 2020 after a release in Europe in 2019, but its chief executive stated it remained a tough business. The company will clear cost-related obstacles for compact EVs and find better ways to produce them, CEO Takahiro Hachigo informed press
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