South Korea’s biggest auto manufacturer – Hyundai Motor Corp. may develop a large premium sport utility vehicles (SUVs) to supply to growing demands for …
It seems that Toyota Motor Corp. is going through tough times as it will have to recall as many as 1.73 million vehicles globally as it has faced safety issues revolving around airbags. Other Japan’s carmakers, including Honda Motor Co., Nissan Motor Co. and Mazda Motor Corp., have announced the same process as their models have also encountered similar problems. But that is not the last of problems for Toyota Motor Corp. as the carmaker is now at war against Ford Motor Co. over the title of the best-selling car in 2012.
Honda Motor Company Ltd. is to downsize 800 jobs at its Swindon car plant due to a sharp decrease in demand in the EU. The biggest slumps in car sales were seen in crisis-hit eurozone countries such as Spain, Italy, and Greece.
Honda Motor Co., one of the Japan’s largest carmakers, revised its full-year profit forecast by as much as 20 percent after sales in China slumped due to the territorial dispute between the governments of Asia’s two largest economies.On the 29th of October, Honda Motor Co. released its earnings and it informed that the full-year profit forecast was revised after its sales in China were affected by the territorial dispute over East China Sea islands.
Honda Motor Co., Japan’s third biggest car maker, aims to double its global auto sale to at least 6 million vehicles over the next 5 years. Honda tries to bounce back from last year’s natural disasters and at the same time wants to catch up in the emerging markets such as China and India with cheap compact cars like Fit compact.
Honda Motor Co., Japan’s third largest automaker, published its first-quarter profit. Honda’s quarterly profit rose to 131.7 billion yen ($1.7 billion) as the Japanese company recovered from the 2011 natural disasters selling more cars in all key regions except for Europe. The first quarter profit, which was reported by Honda, missed experts’ estimates after the Japanese currency strengthened and the company decided to increase marketing spending to sell outgoing models.