Honda slashes profit goals | detnews.com | The Detroit News
Honda Motor Co. provided stark evidence of the damage the global downturn is doing to Japan's auto industry when it said Wednesday that it expected to lose money during the second half of its fiscal year. "Every day, the hardships we face are getting worse and worse. And there are no signs of recovery," Honda CEO Takeo Fukui said at the company's traditional year-end news conference in Tokyo. Honda, Japan's second-largest automaker after Toyota Motor Corp., still expects to show a profit for the fiscal...

BREAKING NEWS: Honda Kills The NSX For Financial Reasons Is The Lexus LF-A Next?
Honda has cancelled the new NSX as part of a radical restructuring of its car making business.The V10-engined supercar, which was a direct challenge to Ferrari and Porsche, would have been the most powerful production car that the company had ever produced.Honda CEO Takeo Fukui announced the move in his end of year speech, saying that all development of the car would be cancelled. The company has also withdrawn its plan to introduce the Acura brand to Japan in 2010.The Honda boss had previously...

Honda slashes profit goals | detnews.com | The Detroit News
Honda Motor Co. provided stark evidence of the damage the global downturn is doing to Japan's auto industry when it said Wednesday that it expected to lose money during the second half of its fiscal year. "Every day, the hardships we face are getting worse and worse. And there are no signs of recovery," Honda CEO Takeo Fukui said at the company's traditional year-end news conference in Tokyo. Honda, Japan's second-largest automaker after Toyota Motor Corp., still expects to show a profit for the fiscal...

Honda slashes profit forecast amid global downturn | detnews.com | The Detroit News
TOKYO -- Japanese automaker Honda slashed its profit forecast for the fiscal year and said managers will take a 10 percent pay cut amid a global downturn in the auto industry. President Takeo Fukui blamed the lower earnings forecast on declining demand set off by the U.S. financial crisis and the nose-diving dollar, which recently fell to a 13-year low against the yen. Japan's second-biggest automaker now expects 185 billion yen $2.06 billion in group net profit for the fiscal year ending March 31, 2009...

Honda FCX Clarity
It's time to face the truth - fuel price is becoming too high for most of us these days. So are thee any alternatives to currently the most popular fuel types - petrol and diesel? Fortunately, there are - it's hydrogen and the new Honda FCX Clarity hydrogen powered electric car. Will it be the car of the future? We will see, but now let's take a closer look into what Honda has to offer with Honda FCX Clarity alternative fuel car. Although Honda FCX Clarity was first introduced in November 2008 at the...

Study Shows Honda Overtaking Toyota In Customer Loyalty, Where Does Your Brand Rank?
Honda leads the automotive industry in retaining the highest percentage of new-vehicle purchasers, according to the J.D. Power and Associates 2008 Customer Retention StudySM released today.Now in its sixth year, the study measures the percentage of new-vehicle buyers and lessees who replace a previously purchased new vehicle with another from the same brand.Improving by nearly two percentage points from 2007, Honda leads the customer retention rankings 64.7%, followed by Toyota 63.2% and Lexus...

Study Shows Honda Overtaking Toyota In Customer Loyalty, Where Does Your Brand Rank?
Honda leads the automotive industry in retaining the highest percentage of new-vehicle purchasers, according to the J.D. Power and Associates 2008 Customer Retention StudySM released today.Now in its sixth year, the study measures the percentage of new-vehicle buyers and lessees who replace a previously purchased new vehicle with another from the same brand.Improving by nearly two percentage points from 2007, Honda leads the customer retention rankings 64.7%, followed by Toyota 63.2% and Lexus...

Honda to cut jobs in Britain, Japan amid global slump | The Detroit News | detnews.com
TOKYO -- Honda is cutting jobs in Great Britain and Japan because of plunging auto demand, Japan's second-biggest automaker said Thursday. Honda Motor Co. has offered an early retirement package for workers at its Britain plant, although the number of workers to be cut has not been disclosed. Honda is also reducing 760 temporary workers, or nearly 18 percent of its Japan temporary work force of 4,300, at four plants, including one motorcycle plant, this month and next month in response to nose-diving...

Production 2009 Honda Insight Hybrid Revealed
The production version of the 2009 Honda Insight Hybrid will make its world debut at the 2009 North American International Auto Show in Detroit. Honda says that the 5-door Insight will be the most affordable hybrid car available when it hits markets in spring of 2009.Honda plans to sell 200,000 units of the Insight Hybrid annually - 100,000 of which are expected to come from North America.Honda’s Insight Hybrid will be powered by a...[source]

Honda rolls out low financing rates for best-selling Civic
The Civic has been a pillar of the Honda lineup for decades, and high gas prices have made it even more important to the Japanese automaker's success here in the U.S. Back in May and June, Honda couldn't make enough Civics, but with the auto industry here in the States imploding, even Honda's little money maker needs incentives. Right now, buyers with good credit can pick up a brand new 2008 or 2009 Civic with 1.9% financing for 36 months or 3.9% APR for up to 60 months. All models except the GX are...