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 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...

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...

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...

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 Fit Hybrid coming in 2010
According to AutoCar, Honda will be adding a hybrid version of the Jazz - aka the Honda Fit on our side of the world - by 2010. The publication reports that the hybrid version of the Jazz/Fit will use the same mechanicals as the upcoming Honda Insight Hybrid which will make its debut next month at the 2009 Detroit Auto Show.Sources say that the 1.3 liter gasoline engine mated to Honda’s new hybrid system should deliver around...[source]

Honda using Smart ForTwo to boost its scooter sales
There has been an ad of a new Honda scooter going around these days, and it’s pretty smart, comparing the diminutive Smart ForTwo to the even smaller 50cc Metropolitan scooter. Certainly, the two-wheeler by Honda practically outdoes its much larger 4-wheeled relative, more than doubling the fortwo’s EPA mileage figures. Again, it’s always difficult to contrast the attributes of a scooter with those of a car. It takes a lot of commitment to opt for open-air riding on the back of a little scooter in...

Honda announces lithium-ion battery venture
Honda has delivered some good news after disappointing its high-performance fans this morning when it announced that it has suspended plans to built the 2010 Honda NSX. The Japanese automaker announced today that it has found a partner for lithium-ion battery development - Japan’s GS Yuasa Corp.CEO Takeo Fukui said today that Honda will team up with GS Yuasa Corp. to manufacture next-generation lithium-ion batteries for Honda’s future hybrid vehicles. The new company will be owned 51 percent by GS...