Latest news with #HondaMotorCompany
Yahoo
03-06-2025
- Automotive
- Yahoo
Honda global output drops 12% in April
Japanese automaker Honda Motor Company reported a 12% fall in global production to 279,094 units in April 2025, from 316,681 units in the same month last year, with output in Japan falling by 16% to 47,806 units while overseas production fell by 11% to 231,288 units. In the first four months of 2025 the company produced a total of 1,162,660 vehicles globally, down by almost 10% from 1,289,602 units a year earlier, with domestic output falling by over 4% to 215,989 units, while overseas production dropped by 11% to 946,671 units. Vehicle production in Asia outside Japan declined by 25% to 363,443 units year-to-date, driven lower by a 30% drop in Chinese output to 209,588 units – with output in April down by 42% to 47,195 units. Production in North America declined by less than 1% to 550,067 units in this period, driven lower by an almost 4% drop in US output to 334,547 units. "Honda global output drops 12% in April" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Automotive
- Yahoo
Honda to cut back on EV investment due to dissatisfaction in the market
May 20 (UPI) -- The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in response to its disappointment in the growth of the EV market. Honda Global CEO Toshihiro Mibe gave remarks at a press conference in Tokyo where he stressed the company plans to achieve a goal to "achieve carbon neutrality for all products and corporate activities" by 2050, and that EVs are the best way to do so, which is why it first made a decision to move toward the "popularization of EVs." However, he also claimed that there is an increase in "uncertainty" in regard to the EV market, which he says has slowed down due to factors like changes in international trade policies and environmental regulations. As a result, Mibe said that Honda's announced plan for 2024 to invest 10 trillion yen toward electrification of its vehicles will be reduced to seven trillion from now through the fiscal year that ends in March 2021. This is based on a decision to back off of a plan to establish an EV value chain in Canada and build production plants dedicated to EVs. Mibe explained that due to the changes to its previous plan, Honda's global EV sales ratio in 2030 is expected to fall below its former target of 30%. However, due to a reportedly high demand for hybrid electric vehicles, or HEVs, Honda is going to make its HEVs that are set to go to market in 2027 a linchpin feature while the interest in EVs is expected to eventually rise. The intended goal of all these plan changes is to increase its total automobile sales volume by 2030 beyond the current level of 3.6 million units, all on a foundation on a targeted HEV sales figure of 2.2 million units. Mibe further said that while investments that are set to start in fiscal 2027 will decrease, the company hopes to make over 12 trillion in cash from its motorcycle division and through an increase in HEV sales. He added that despite the investment decrease, it hopes to generate over 1.6 trillion yen for its shareholders. "Revising its resource allocation by responding to market changes swiftly and flexibly, Honda will establish automobile business that can prepare for the future while also improving profitability," Honda said in a press release that summarized Mibe's statements. "By adding the strong earnings power of its motorcycle business, Honda will pursue further growth even under uncertain market conditions." As for its EVs and HEVs, Mibe said Honda also plans to upgrade these vehicles with intelligent technologies that will provide stronger advanced driver-assistance systems, or ADAS, that it expects will in turn improve its EV business. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
20-05-2025
- Automotive
- Miami Herald
Honda to cut back on EV investment due to dissatisfaction in the market
May 20 (UPI) -- The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in response to its disappointment in the growth of the EV market. Honda Global CEO Toshihiro Mibe gave remarks at a press conference in Tokyo where he stressed the company plans to achieve a goal to "achieve carbon neutrality for all products and corporate activities" by 2050, and that EVs are the best way to do so, which is why it first made a decision to move toward the "popularization of EVs." However, he also claimed that there is an increase in "uncertainty" in regard to the EV market, which he says has slowed down due to factors like changes in international trade policies and environmental regulations. As a result, Mibe said that Honda's announced plan for 2024 to invest 10 trillion yen toward electrification of its vehicles will be reduced to seven trillion from now through the fiscal year that ends in March 2021. This is based on a decision to back off of a plan to establish an EV value chain in Canada and build production plants dedicated to EVs. Mibe explained that due to the changes to its previous plan, Honda's global EV sales ratio in 2030 is expected to fall below its former target of 30%. However, due to a reportedly high demand for hybrid electric vehicles, or HEVs, Honda is going to make its HEVs that are set to go to market in 2027 a linchpin feature while the interest in EVs is expected to eventually rise. The intended goal of all these plan changes is to increase its total automobile sales volume by 2030 beyond the current level of 3.6 million units, all on a foundation on a targeted HEV sales figure of 2.2 million units. Mibe further said that while investments that are set to start in fiscal 2027 will decrease, the company hopes to make over 12 trillion in cash from its motorcycle division and through an increase in HEV sales. He added that despite the investment decrease, it hopes to generate over 1.6 trillion yen for its shareholders. "Revising its resource allocation by responding to market changes swiftly and flexibly, Honda will establish automobile business that can prepare for the future while also improving profitability," Honda said in a press release that summarized Mibe's statements. "By adding the strong earnings power of its motorcycle business, Honda will pursue further growth even under uncertain market conditions." As for its EVs and HEVs, Mibe said Honda also plans to upgrade these vehicles with intelligent technologies that will provide stronger advanced driver-assistance systems, or ADAS, that it expects will in turn improve its EV business. Copyright 2025 UPI News Corporation. All Rights Reserved.
UPI
20-05-2025
- Automotive
- UPI
Honda to cut back on EV investment due to dissatisfaction in the market
May 20 (UPI) -- The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in response to its disappointment in the growth of the EV market. Honda Global CEO Toshihiro Mibe gave remarks at a press conference in Tokyo where he stressed the company plans to achieve a goal to "achieve carbon neutrality for all products and corporate activities" by 2050, and that EVs are the best way to do so, which is why it first made a decision to move toward the "popularization of EVs." However, he also claimed that there is an increase in "uncertainty" in regard to the EV market, which he says has slowed down due to factors like changes in international trade policies and environmental regulations. As a result, Mibe said that Honda's announced plan for 2024 to invest 10 trillion yen toward electrification of its vehicles will be reduced to seven trillion from now through the fiscal year that ends in March 2021. This is based on a decision to back off of a plan to establish an EV value chain in Canada and build production plants dedicated to EVs. Mibe explained that due to the changes to its previous plan, Honda's global EV sales ratio in 2030 is expected to fall below its former target of 30%. However, due to a reportedly high demand for hybrid electric vehicles, or HEVs, Honda is going to make its HEVs that are set to go to market in 2027 a linchpin feature while the interest in EVs is expected to eventually rise. The intended goal of all these plan changes is to increase its total automobile sales volume by 2030 beyond the current level of 3.6 million units, all on a foundation on a targeted HEV sales figure of 2.2 million units. Mibe further said that while investments that are set to start in fiscal 2027 will decrease, the company hopes to make over 12 trillion in cash from its motorcycle division and through an increase in HEV sales. He added that despite the investment decrease, it hopes to generate over 1.6 trillion yen for its shareholders. "Revising its resource allocation by responding to market changes swiftly and flexibly, Honda will establish automobile business that can prepare for the future while also improving profitability," Honda said in a press release that summarized Mibe's statements. "By adding the strong earnings power of its motorcycle business, Honda will pursue further growth even under uncertain market conditions." As for its EVs and HEVs, Mibe said Honda also plans to upgrade these vehicles with intelligent technologies that will provide stronger advanced driver-assistance systems, or ADAS, that it expects will in turn improve its EV business.
India Today
20-05-2025
- Automotive
- India Today
Honda realigns global strategy: Plans 13 new hybrids by 2030, slows EV expansion
Amid a slowdown in global electric vehicle (EV) sales, Japanese auto major Honda Motor Company has realigned its focus in the passenger vehicle (PV) segment, as the company today announced that it will introduce 13 new hybrid electric vehicles (HEVs) across the globe by will start introducing the 13 new next-generation HEVs from 2027 onwards. The move is aimed at strengthening the company's position in the growing HEV further refining the competitiveness of its products, Honda will launch 13 next-generation HEV models globally, over a four-year span starting in 2027, to build a broad lineup of HEV models and capture growing HEV demand in the market," said Toshihiro Mibe, Director, President and Representative Executive Officer (Global CEO), Honda Motor Company, at a press briefing on the company's initiatives on automobile electrification. Honda had earlier announced that EVs will make up 30% of its global car sales. However, the company now expects the EV ratio to stay below the 30% target amid dwindling sales."As for EVs, due to the revision of the product launch plan considering the recent market slowdown, the Honda global EV sales ratio in 2030 is now expected to fall below the previously announced target of 30%," Mibe the other hand, current market demand for HEV models is high. Therefore, Honda will position its HEVs, mostly next-generation HEV models to be introduced to the market in 2027 onward, as the powertrain that will play a key role during the transition period toward the popularisation of EVs and further enhance its HEV lineup," he to Honda, a steady execution of the realignment strategy by 2030 will allow it to increase the total PV volume to over 3.6 million units, with a handsome contribution of 2.2 million units from HEVs by 2030. Image - Honda Global News Mibe observed that the environment surrounding the automobile industry is changing day by day. "Uncertainty in the business environment is increasing, due particularly to the slowdown in the expansion of the EV market due to several factors, including changes in environmental regulations, which had been the premise for the widespread adoption of EVs, as well as changes in trade policies of various countries," he said."In order to maintain its competitiveness in such a business environment and continue to help and inspire people through its mobility products and services, Honda must create new value not only through electrification but also with enhanced application of intelligent technologies, and then offer such value to a broader range of customers in more accessible and affordable ways," he is also developing its original next-generation Advanced Driver Assistance System (ADAS), which assists the driver with vehicle operations such as acceleration and steering throughout the entire route. The new technology will be installed in several key EV and HEV models that will be launched in North America and Japan around China, the company will work with Momenta Global, a Chinese startup company engaged in autonomous driving technology, to develop next-generation ADAS optimised for the country's road conditions. It will be installed in all future models Honda will launch in also said that to increase the cost competitiveness of HEV models, it is pursuing further cost reduction mainly with key components such as batteries and motors with various initiatives, including co-creation activities with suppliers, further improvement of production efficiency and commonization of more parts and components."Through these initiatives, along with an increase in sales volume, Honda is aiming to reduce the cost of the next-generation hybrid system by more than 50% compared to the hybrid system installed to models introduced in 2018, and by more than 30% compared to the hybrid system introduced in 2023 to current models," Mibe India, Honda offers three models -- Amaze (sedan), City (sedan) and Elevate (SUV). The City also has a hybrid variant -- City e:HEV. Last year, the company announced that it will launch three new nameplates in India within domestic PV sales fell 23.86% to 65,925 units in FY25 from 86,584 units in FY24. However, its exports zoomed 60.23% to 60,229 units in FY25 from 37,589 units during the previous to Auto Today Magazine
