Honda producing wetlands, soybeans as well as cars | The Detroit News | detnews.com
MARYSVILLE, Ohio -- Honda Motor Co. is constructing wetlands to cleanse water that flows through its property. Soybeans grown on company land are harvested and shipped overseas for sale. Willows that sprout up are donated to feed a moose at a nearby zoo. And -- oh yes -- Honda also builds automobiles. Automakers around the nation are involved in more than just pumping out cars and trucks. Many have taken steps to improve the environment near factories, save energy, make a little extra money and benefit...

Honda quarterly profit slumps, cuts annual target | detnews.com | The Detroit News
TOKYO -- Honda Motor Co.'s net profit tumbled 90 percent in the October-December quarter from a year earlier, hit by the global economic slump. Japan's No. 2 automaker also cut its net profit forecast for the current fiscal year through March by 57 percent, to 80 billion yen $888.9 million from 180 billion yen. Honda released its quarterly earnings Friday, which showed its net profit was 20.24 billion yen during the latest quarter, versus 200 billion a year earlier. Like other carmakers, Honda is...

Honda reduces its yearly operating profit estimate by 67%
On Wednesday Honda reduced its yearly operating profit estimate by 67 percent, its third profit caution this year, as a deepening financial emergency continues to hit international vehicle demand and making the yen soar. The second-biggest carmaker of Japan now anticipates operating profit for the fiscal year to March 31 at 180 billion yen or $2 billion, about 81 percent fall from the previous year. It had earlier forecast 550 billion yen.[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...

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...

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...

Honda Says V10 Supercar Will Finally Come To Market In Late 2010
Honda’s new NSX is finished and will spearhead the European launch of the Acura brand when it goes into production in autumn 2010.That’s the word from Autocar’s sources inside Honda Japan, who have confirmed that the front-engined V10 supercar will be unveiled at next year’s Tokyo show and will be followed by a new range of rear-wheel-drive Acura sports saloons.We can also reveal that the controversial looks of the NSX concept model have been overhauled since its debut at the...

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 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 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...