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Honda Motor
Honda Motor

Automotive / Automobiles, motorcycles, and power equipment

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Company at a Glance

Overview
Honda Motor Co., Ltd. is a Japanese multinational corporation primarily known for manufacturing automobiles, motorcycles, and power equipment. It was founded in 1948 by Soichiro Honda and Takeo Fujisawa and has its headquarters in Tokyo, Japan.
In addition to its main automobile production, Honda also produces a range of other products such as aircraft, power equipment, robotics, and even humanoid robots. It is the largest motorcycle manufacturer in the world and also the eighth largest automobile manufacturer.
Honda has production facilities and sales operations in numerous countries worldwide, including the United States, Canada, Brazil, China, India, Thailand, and the United Kingdom, among others.
The company has a strong commitment to innovation and sustainability, with a goal to achieve carbon neutrality across all its products and operations by 2050. It is also a leader in developing and producing environmentally friendly vehicles, such as hybrid and electric vehicles.
Honda is well-known for its brand of reliability, quality, and innovative engineering. Some of its most popular models include the Civic, Accord, CR-V, and Pilot in the United States, and the Civic, Jazz, and HR-V in Europe. Additionally, the company also has a presence in motorsports, with successful teams in Formula One and Indycar racing.
Overall, Honda is a globally recognized brand known for its strong values, quality products, and commitment to innovation and sustainability.
What is special about the company?
1. Innovative Technology: Honda has a reputation for being a pioneer in technological advancements. They were the first Japanese automaker to launch a luxury brand, Acura, and have consistently been at the forefront of developing fuel-efficient and environmentally friendly vehicles.
2. Quality and Reliability: Honda has a history of producing reliable and high-quality vehicles. They consistently rank among the top automakers in quality and customer satisfaction surveys.
3. Diverse Product Range: Honda produces a wide range of products, including cars, motorcycles, power equipment, and even jets. This diversity allows them to weather market fluctuations and remain financially stable.
4. Focus on Safety: Safety has always been a top priority for Honda. They were the first automaker to introduce front seat belts and have since continued to lead the industry in safety innovations.
5. Strong Global Presence: Honda has a strong global presence, with manufacturing facilities and sales networks in over 30 countries. This global reach allows them to cater to diverse market needs and preferences.
6. Commitment to Environmental Sustainability: Honda has a long-standing commitment to protecting the environment. They were the first automaker to introduce a hybrid vehicle and have since expanded their lineup of electric and fuel cell vehicles.
7. Corporate Social Responsibility: Honda is known for its commitment to giving back to society and promoting sustainability. They have several initiatives aimed at making a positive impact on the environment and local communities.
8. Creative Marketing: Honda has a reputation for creative and innovative marketing campaigns, such as the iconic "Honda Cog" commercial and the "Power of Dreams" slogan. This has helped them stand out in a competitive market.
What the company's business model?
The Honda Motor company's business model is based on the production and sale of automobiles, motorcycles, and power equipment. They also offer financial services and engage in research and development of new technologies in the automotive industry. Honda's business model focuses on innovation, quality, and the establishment of strong customer relationships to drive growth and profitability. They have a global presence and operate through various subsidiaries and partnerships to reach a diverse customer base. Additionally, Honda places a strong emphasis on sustainability and environmentally-friendly practices in their business operations.
Interesting facts about the company
1. Honda was founded in 1948 by Soichiro Honda and Takeo Fujisawa. They initially started by producing small engines for bicycles.
2. The very first product that Honda produced was a two-stroke motorcycle engine called the Honda A-Type in 1948.
3. The first official Honda motorcycle, the Dream Type D, was introduced in 1949. It had a 98cc engine and could reach a top speed of 35mph.
4. In 1959, Honda opened its first overseas subsidiary in Los Angeles, California.
5. The company’s first car, the T360 mini truck, was introduced in 1963. It had a 356cc engine and could carry 350kg of cargo.
6. The iconic Honda Civic was introduced in 1972 and has since become one of the best-selling cars worldwide.
7. In 1986, Honda became the first Japanese automaker to open a luxury brand, Acura, in the United States.
8. In 2006, Honda became the first Japanese car manufacturer to produce more than 10 million vehicles in a single year.
9. Honda’s slogan, The Power of Dreams, was coined by founder Soichiro Honda to embody the company’s philosophy of using innovation and technology to turn dreams into reality.
10. In 2018, Honda became the first Japanese automaker to partner with a space agency, collaborating with the Japan Aerospace Exploration Agency (JAXA) to develop a rover for the moon.
11. Honda is the world’s largest manufacturer of internal combustion engines, producing 14 million engines annually for various applications such as cars, motorcycles, and power equipment.
12. The Honda NSX, introduced in 1989, was the world’s first production car to feature an all-aluminum body.
13. In 1997, Honda became the first automobile manufacturer to offer a hybrid vehicle, the Honda Insight, to the mass market.
14. As of 2020, Honda is the second largest Japanese automaker and the sixth largest in the world in terms of production.
15. The Honda ASIMO, introduced in 2000, was the first humanoid robot to be able to walk independently and navigate its environment.
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