What Honda’s big electric vehicle announcement in Ontario really means

May 16, 2024 04:25 am UTC| Business

In retrospect, the turnaround and just how fast it happened is difficult to believe. In 2010, Ontarios economic future looked grim. Tied as it had been for more than a century to the automobile industry, the provincial eco...

Honda Motor Posts 6-Fold Increase in 4Q Operating Profit of $1.96 Billion

May 10, 2024 08:50 am UTC| Business

Honda Motor has announced a striking increase in its fourth-quarter operating profit, showcasing a more than six-fold rise from the previous year, significantly buoyed by a weaker yen and robust vehicle sales. The Japanese auto...

Asahi Kasei to Build EV Battery Plant in Canada to Supply Key Parts to Honda Motor

Apr 24, 2024 10:03 am UTC| Business Technology

Asahi Kasei Corporation, a chemical company based in Japan, announced it will build a new production plant in Canada where it will make parts for electric vehicle batteries. The company will then supply critical materials to Ho...

Honda to Invest $807.74 Million in Brazil for Flexible-Fuel Vehicles Production

Apr 22, 2024 05:29 am UTC| Business

Honda Motor Co has announced a significant investment of 4.2 billion reals ($807.74 million) in its Itirapina plant in Brazil. This bold move aims to enhance the production of flexible-fuel vehicles by 2030. MSN noted that f...

Nissan and Honda Forge Ideal Partnership for Electric Vehicle Innovation

Mar 16, 2024 02:52 am UTC| Technology Business

Japanese automakers Nissan and Honda join a strategic partnership to advance electric vehicle projects, aiming to bolster their presence in the rapidly evolving global automotive landscape. Strategic Alliance: Nissan and Hon...

Honda Reveals Innovative Airbag System for Motorcycles

Mar 06, 2024 09:24 am UTC| Business

New patents have revealed that Honda is developing a new airbag system for its motorcycles, aiming to match the advanced systems used in cars. The introduction of airbags in the last decade and a half has significantly revoluti...

Honda Prologue Secures $7,500 Federal Tax Credit; Kia Amplifies EV9 Appeal with $5,000 Customer Cash Incentive

Mar 06, 2024 05:54 am UTC| Technology Business

The IRS grants eligibility for the $7,500 federal tax credit to the 2024 Honda Prologue EV, significantly reducing its starting price. Tax Credit Boosts Affordability for 2024 Honda Prologue EV and Other Ultium Platform Mode...

Honda Motor Raises Full-Year Profit Forecast on Strong US Sales

Feb 08, 2024 08:32 am UTC| Business

On Thursday, Japans Honda Motor announced that it had raised its full-year operating profit forecast by 4.2 percent to 1.25 trillion yen ($8.4 billion). This upgrade is attributed to robust sales in the United States, a more pr...

Honda Unveils Futuristic New Electric Vehicle Series at Consumer Electronics Show

Jan 10, 2024 07:02 am UTC| Business Technology

Honda showcased their latest innovation in the electric vehicle industry at the Consumer Electronics Show in Las Vegas. The Japanese automaker introduced a new electric vehicle series to launch commercially in 2026. With a f...

Honda Motor Mulls $14B Investment to Build New EV Plant in Canada

Jan 08, 2024 07:55 am UTC| Business

Honda Motor Co., Ltd. is reportedly looking to build a production plant for electric vehicles in Canada. The Japanese automobile company plans to invest 2 trillion, about $14 billion, for this project. As per Reuters, this E...

Toyota, Honda, Isuzu, Mitsubishi to Invest $4.34 Billion in Thailand Over 5 Years

Dec 26, 2023 05:28 am UTC| Business

Major Japanese auto manufacturers, including Toyota, Honda, Isuzu, and Mitsubishi, are set to invest 150 billion baht ($4.34 billion) in Thailand over the next five years. This move by the automakers supports Thailands transiti...

Honda Motor Recalls 2.5M Vehicles in the US Over Fuel Pump Defect

Dec 22, 2023 07:04 am UTC| Business

Honda Motor is recalling more than 2.5 million vehicle units in the United States. The Japanese automobile manufacturers American division issued the recall due to a defect affecting the fuel pump. This flaw can lead to acciden...

Honda Recalls 250,000 Vehicles, Including Acura, Odyssey Models Over Engine Flaw

Nov 20, 2023 07:39 am UTC| Business

Honda Motors Company Ltd. recalled nearly 250,000 vehicle units including sports utility vehicles (SUVs), pick-up trucks, and a sedan. The Japanese automaker said the vehicles are being called back due to a production error tha...

Honda, General Motors Halt Joint Affordable EV Project Amid GM's Focus on Profitability

Oct 26, 2023 07:59 am UTC| Business

Honda Motor and General Motors have terminated their joint project to develop affordable electric vehicles (EVs) just one year after their initial collaboration. The partnership aimed to challenge Teslas dominance in the EV mar...

Honda, GM Announce Autonomous Taxi Venture in Tokyo for 2026 Rollout

Oct 20, 2023 04:22 am UTC| Business Technology

Honda Motor Co. and General Motors Co. are joining forces to launch a driverless taxi service in Tokyo, marking a notable shift towards autonomous and electric technologies in the automotive sector. With a majority stake hel...