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  1. Guangzhou Honda expects lower margin on rising sales

    Posted Dec 31st 2003, 12:00am by Eric Ng

    ... Eric Ng The company's modest revenue forecast reflects the impact of soaring production Guangzhou Honda expects unit sales to soar 71 per cent next year but revenue to climb just 41 per cent, suggesting further margin pressure as car prices continue to slide. The joint venture between Japanese car giant Honda and Guangzhou Automotive expects 32.6 billion yuan in sales ...

  2. Honda sees record sales and profit for quarter

    Posted Apr 27th 2006, 12:00am by Staff Reporter

    ... Associated Press in Tokyo Japanese carmaker reports soaring business abroad but a decline at home Honda Motor more than doubled its net profit for the first quarter from a year ago as soaring vehicle sales in Asia and Europe offset a decline in Japan. Honda yesterday said it racked up 219.5 billion yen ($14.84 billion) in profit for the quarter to last month- a record quarterly ...

  3. Toyota, Honda rev up China sales

    Posted Apr 21st 2007, 12:00am by Kandy Wong

    ... Kandy Wong in Shanghai Toyota Motor Corp and Honda Motor, the two biggest Japanese carmakers, expect their sales growth in the mainland to outpace the industry average this year ... to 400,000 units from 308,000 last year. Sales could rise to 500,000 units next year. Honda, a partner of Guangzhou Automotive and Dongfeng Motor Group, expected sales in the mainland to rise 20 per ...

  4. Detroiters can learn to love the all-American Honda and Hyundai

    Posted Jul 16th 2005, 12:00am by Rex Aguado

    ... have hardly attracted local enmity. In fact, Toyota's Prius and Honda's Civic car models are among the most popular brands in the US market. To explain this phenomenon, one only has to look at the steady stream of advertisements bombarding the US consumer, with Toyota, Nissan, Honda and Hyundai practically wrapping themselves in the Stars and Stripes, billing themselves ...

  5. GAC to pay parent 444.7m yuan for stake

    Posted Jan 01st 2011, 12:00am by Staff Reporter

    ... with Japan's Honda Motors. The deal will see state-owned Guangzhou Automobile Industry Group inject its 50 per cent stake in Wuyang Honda Motors (Guangzhou) into GAC, which also has carmaking joint ventures with Honda, Toyota, Mitsubishi and Fiat. GAC will pay the parent firm another 30.96 million yuan for Wuyang's related trademarks. Following completion, GAC and Honda will each ...

  6. Road to victory in car war runs through south China

    Posted Nov 22nd 2011, 12:00am

    ... in the south has risen to 15.8 per cent from 12 per cent, Neumann said. But challenging the traditional southern dominance of Japanese carmakers including Honda, Toyota and Nissan is no easy task, and they are expanding production and vehicle line-ups, too. Guangqi Honda, the joint venture between the Japanese firm and Guangzhou Auto Group Corp (GAC), showed off a series of concept cars under its Everus ...

  7. Denway Motors blames stronger yuan for 4.5pc drop in earnings

    Posted Apr 03rd 2008, 12:00am by Kandy Wong

    ... this year to boost competitiveness. The company said it expected total sales to reach 340,000 units this year, driven by higher sales of Honda's new Accord, Odyssey and Fit models. Honda is Denway's partner in a 50-50 joint venture, Guangzhou Honda. Guangzhou Automotive, is co-operating with Honda to build own-brand models and also makes hybrids with both Honda and Japan's ...

  8. New plant drives Denway net higher

    Posted Mar 29th 2007, 12:00am by Andy Chen

    ... Andy Cheng Denway Motors, Honda Motor's mainland partner, said profit rose 18.6 per cent last year after a new plant boosted output of Accord sedans. Net income jumped to HK$2.26 ... cent-owned venture with Japan's Honda, which contributed HK$2.09 billion, a 10 per cent rise from 2005. Denway, a unit of the mainland's sixth-largest carmaker Guangzhou Automobile Group, ...

  9. Reality bites for South Korean model

    Posted Jun 05th 2006, 12:00am by Staff Reporter

    ... Group said Guangzhou's development approach had proved successful. 'Investment by Honda and Toyota has brought along many Japanese component and spare part suppliers to the Guangzhou vehicle industry zones. The production chain is an important basis for further development,' Mr Jia said. The investment also has paid off for Japanese car makers. Honda set up its production ...

  10. Asian car firms make Ontario the new Detroit

    Posted May 27th 2006, 12:00am by Markus Gaertner

    ... thriving automotive sector. For the past two years, the eastern Canadian province has topped Michigan as the leading hub for car production in North America. Last week's announcement by Honda ... boost from Honda's announcement last week. In June last year, Toyota Motor Corp revealed a plan to invest US$656 million in a new assembly plant in Ontario by 2008. The operation ...




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