Honda Motor Company has been the world’s largest motorcycle maker since 1959, and Japan’s second largest Japanese carmaker. Honda was the first Japanese automobile manufacturer to release a dedicated luxury brand, Acura, in 1986, and also makes garden equipment, marine engines, personal watercraft and power generators, and is involved in aerospace.
Sony is betting on access to Honda’s decades-long expertise in car manufacturing, sales and servicing, while Honda seeks to tap Sony’s knowledge in entertainment, networking and sensors for autonomous vehicles.
Plan offered by seven dealers of 17 car brands, such as BMW and Toyota, is likely to be approved by Competition Commission.
Tesla’s crash rate per 1,000 vehicles is substantially higher than data from other carmakers given to the Associated Press.
China’s vehicle industry took a deep dive last month, as Shanghai went into a citywide lockdown, which idled car plants from General Motors to Tesla and Volkswagen.
The list is still growing as more firms report financial results in the days and weeks ahead.
Strict government mandates to combat climate change are driving demand in Europe and China, where automakers and consumers face rising financial penalties for selling and buying traditional petrol and diesel-fuelled cars.
Lockdowns and travel restrictions are prompting housebound shoppers to snap up more phones, game consoles, smart TVs and laptops, which in turn has fuelled demand for the chips used in those devices.
When Tokyo’s Imperial Palace was worth more than California and golf club membership could cost US$3 million – Japan’s economic golden age was one wild time
A drop of 7.5 per cent last year came despite a big surge in sales of Japanese cars, prized by Chinese motorists for their perceived superior design and efficiency
Dongfeng Honda Automobile, the Japanese carmaker’s mainland joint venture, believes there are opportunities to be tapped in China’s slowing market.
The 30 cars listed in the Insurance Institute for Highway Safety’s top tier, must perform well in crash tests
The engines on this HondaJet are mounted on pylons above each wing instead of on the main fuselage
Honda plans to close its plant in Swindon, about 80 miles west of London, where 3,500 workers are employed
The International Consumer Electronics Show in Las Vegas – which starts on Tuesday – is where enthusiasts can glimpse the next generation of transport
Sales of Japanese carmakers Nissan Motor and Honda Motor on the mainland slumped again last month amid intense competition from Western marques in a weakening economy.
Competition is heating up among Japanese and US manufacturers to invent and refine autonomous car technologies that reduce the human driver's role in controlling the vehicle with the steering wheel and the brake.
Honda Motor is planning to produce Acura cars on the mainland with a local partner starting in 2016 in an effort to tap growing demand for upscale vehicles in the world's biggest car market.
A recovery for Japan's carmakers in the world's largest vehicle market hit a snag yesterday when Toyota, Honda, Nissan and Mazda recalled 32,572 vehicles in China. But that is just a fraction of at least 3 million vehicles that the four companies are recalling worldwide due to defective airbags made by Takata - the world's second-largest supplier of airbags and seat belts.
The Hong Kong Monetary Authority sold HK$3.875 billion on the foreign exchange market yesterday to weaken the Hong Kong dollar as the currency repeatedly hit the strong end of its trading range. Under the peg to the US dollar, the HKMA must intervene when the Hong Kong dollar hits 7.75 or 7.85, to maintain the trading band.