 AboutHonda Motor Company, Limited (NYSE: HMC) is a multinational corporation, engine manufacturer and vehicle manufacturer headquartered in Japan.
The company manufactures automobiles, motorcycles, trucks, scooters, robots, jets and jet engines, ATV, water craft, electrical generators, marine engines, lawn and garden equipment,
and aeronautical and other mobile technologies. Honda's line of luxury cars are branded Acura in North America, Hondura in the Honduras and Hongda in China. More recently they have
ventured into mountain bikes.
Honda is the 6th largest automobile manufacturer in the world as well as the largest engine-maker in the world, producing more than 14 million internal combustion engines each year.
As of August 2008, Honda surpassed Chrysler as the 4th largest automobile manufacturer in the United States. Currently, Honda is the second largest manufacturer in Japan behind
Toyota and ahead of Nissan.
Honda is headquartered in 1-1, Minami-Aoyama Nichome, Minato, Tokyo, Japan. Their shares trade on the Tokyo Stock Exchange and the New York Stock Exchange, as well as exchanges in
Osaka, Nagoya, Sapporo, Kyoto, Fukuoka, London, Paris and Switzerland. American Honda Motor Co. is based in Torrance, California. Honda Canada Inc. is headquartered in the
Scarborough district of Toronto, Ontario, and is building new corporate headquarters in Markham, Ontario, scheduled to relocate in 2008. Hero Honda, a joint venture between India's
Hero Group and Honda, is the largest manufacturer of two wheelers in the world. Honda of Canada Manufacturing is based in Alliston, Ontario. Honda has also created joint ventures
around the world, such as Honda Siel Cars India Ltd, Hero Honda Motorcycles India Ltd, Guangzhou Honda and Dongfeng Honda Automobile Company in China and Honda Atlas Cars Pakistan.
With high fuel prices and a weak US economy in June 2008, Honda has reported a 1% sales increase while its rivals including the Detroit Big Three and Toyota have reported double-digit
losses. Analysts have attributed this to two main factors. First, Honda's product lineup consists of mostly small to mid-size, highly fuel-efficient vehicles. Secondly, over the last
ten years, Honda has designed its factories to be flexible, in that they can be easily retooled to produce any Honda model that may be in-demand at the moment. Honda's sales were up almost
20 percent from the same month last year. The Civic and the Accord were in the top five list of sales.
Honda, Nissan, and Toyota, three of the strongest vehicle companies in the world were still not immune to the Global financial crisis of 2008, as these companies reduced their
profitability forecasts. The economic crisis has been spreading to other important players in the vehicle related industries as well. |
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