Honda to create brand for China market: initiative will be a first for foreign auto maker; a risk of aiding rivals

Article Abstract:

Honda Motor Co. and its Chinese partner, Guangzhou Automobile Group Co., have announced plans to launch a new vehicle brand by 2010. The two firms are spending $245.9 mil to build a research and development center in China that will design the new car, which will likely be drawn from existing Honda models and priced lower than $10,000.

Product development, Alliances, partnerships, China, Cooperative agreement for product development, Alliances and partnerships, Guangzhou Automobile Group Co.

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Materials, research costs catch up with Honda

Article Abstract:

Fourth-quarter 2006 net profit for Honda Motor Company Ltd. fell by 20%, largely due to research expenses, higher costs for materials, and the termination of a one-time $1.16 bil pension-fund reimbursement from the government. The latter had boosted the previous year's figures.

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Small-car trend lifts Honda's net

Article Abstract:

Second-quarter/first fiscal quarter net profit for Honda Motor Co. rose 16% to reach $1.38 bil, due in part to higher demand for fuel-efficient cars. Global sales increased by 5.6% to 946,000 vehicles, while North America sales rose 2% to hit 465,000 vehicles.

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