Honda

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Honda Cuts F1 Racing Team
 Honda Cuts F1 Racing Team 
Dec 5, 2008 11:32 AM CST

Honda Cuts F1 Racing Team

Attempting to cut costs, Japan's No. 2 carmaker axes racing program

(Newser) - Honda, facing economic drag as the financial crisis sharply curtails demand for automobiles, is withdrawing from Formula 1 racing, at least until global markets turn the corner, the Guardian reports. Honda's CEO once pledged to spend “a trillion yen” to secure an F1 title, but shareholders have pressured the...

GM Sales Off 41%; Toyota, Ford, Honda All Down 30%

Bad times for autos of every stripe

(Newser) - General Motors' November US sales plunged 41%, while Ford's dropped 31%, dashing hopes that the industry-wide drop in vehicle demand might be easing as Detroit's automakers prepare to state their second case for a federal bailout. Their overseas rivals posted abysmal results as well. Toyota's November sales tumbled 34%, and...

Foreign Automakers Could Fill Detroit Vacuum

But gov't risks big job losses if Big Three fail

(Newser) - If Detroit’s “Big Three” do collapse, foreign-owned automakers would be able to pick up the slack, industry experts tell the New York Times. These foreign giants have a big enough US presence to swiftly take over the industry and its supplier network, but the transition would likely be...

GM Sales Off 45% as US Auto Sales Hit 25-Year Low

Asian brands add market share amid sales freefall

(Newser) - US auto sales dived in October to levels not seen since 1983, Bloomberg reports.  GM, Ford, and Chrysler saw sales drop 45%, 30%, and 36% respectively as credit dried up and consumer confidence plummeted. Toyota, Honda, and Nissan all saw sales fall over 20%, but managed to gain market...

Asia Markets Up, Down (Again)
Asia Markets Up,
Down (Again)
Oct 29, 2008 1:44 AM CDT

Asia Markets Up, Down (Again)

Indexes rise after Wall St. rally and rate cut hopes, but fall on weak earnings reports

(Newser) - Markets across Asia rebounded today following a huge Wall Street rally and hopes of a drop in interest rates, but failed to hold on to some of their biggest gains as investors hedged against weak earnings reports from heavy hitters such as Panasonic and Sony, MarketWatch reports. Meanwhile, the Japanese...

Insurance Guzzles Savings From Fuel-Efficient Cars

Trading down to save money on gas results in higher premiums

(Newser) - Think you’re saving money by driving that small, fuel-efficient car you traded in your SUV for? Maybe, but you’re probably paying more for your insurance—a lot more, reports the Wall Street Journal. In accidents, small cars tend to sustain more damage, and occupants more injures, than larger...

Small Cars Carry Big Price Tags
 Small Cars Carry Big Price Tags 
Sep 3, 2008 10:57 AM CDT

Small Cars Carry Big Price Tags

As public turns from SUVs, automakers jack up prices on compacts

(Newser) - With sales of SUVs and trucks dwindling, car companies have begun to push smaller, more fuel-efficient models—but not for the same small prices. Without the $10,000 profit that was typical on SUVs, automakers can no longer sell cars like the Ford Focus for an average profit of $100....

Honda Profits Jump 8% on Fuel-Efficient Lineup
Honda Profits Jump 8%
on Fuel-Efficient Lineup
earnings
Jul 25, 2008 7:33 AM CDT

Honda Profits Jump 8% on Fuel-Efficient Lineup

The gas tank is half empty, as the company cuts global outlook

(Newser) - Honda announced an 8.1% gain in net profit yesterday for the quarter ending June 30, riding demand for its fuel-efficient models and beating analysts’ estimates, the Wall Street Journal reports. Honda has been hurt less by falling demand than rivals Toyota and Nissan because it's the least invested in...

Prius Shortage Hurts Toyota
 Prius Shortage Hurts Toyota 
Jul 2, 2008 4:53 PM CDT

Prius Shortage Hurts Toyota

11.5% June drop in US sales blamed on low inventory of popular small models

(Newser) - Popularity is proving quite the pickle for Toyota: Dwindling supplies of hot sellers like its hybrid Prius fueled the 11.5% drop in US sales last month, Reuters reports. With a waiting list 6 months long, Prius sales fell 26%—even as rival Honda bumped its sales 13.8% thanks...

US Auto Sales Off Big, But GM Holds Top Spot

21.4% drop keeps Toyota from No. 1; Honda manages gain

(Newser) - Sales for General Motors, Ford and Toyota all fell by double-digit percentages in June compared to the same month last year, while Honda managed an 11% gain, the Detroit News reports—with GM holding off Toyota as top US seller. In general, consumers passed over big, fuel-guzzling vehicles and luxury...

Japan's Big 3 Move Into New Markets

Carmakers building plants in India, Africa, and Russia as traditional markets slow

(Newser) - Japan’s automakers, traditionally focused on North America and near-home markets, are expanding aggressively into new territories as opportunities shift to Africa, India, and the former Soviet Union, reports the New York Times. One analyst said 76% of the global growth of the Big Three—Toyota, Honda, and Nissan—in...

Honda Unveils Hydrogen Car
 Honda Unveils Hydrogen Car 
Jun 16, 2008 9:42 AM CDT

Honda Unveils Hydrogen Car

Emission-free FCX Clarity runs on hydrogen and water

(Newser) - Honda has begun commercial production on the FCX Clarity, an emissions-free car that runs entirely on hydrogen and electricity, the BBC reports. Honda only plans to produce 200 models over the next 3 years, however, expecting the scarcity of hydrogen fueling stations to dampen demand. “In the next few...

Green Cars Drive Into LA Spotlight

Zero-emissions hydrogen cars hit the streets of Hollywood

(Newser) - Hydrogen cars are the latest Hollywood must-have, and automakers are more than happy to see stars behind the wheel, the LA Times reports. The vehicles—which emit nothing but water—instantly speed celebrities to first place in the game of green one-upmanship. They are still years away from going on...

High Gas Prices Are Good for Detroit
 High Gas Prices
 Are Good for Detroit 
ANALYSIS
Jun 9, 2008 12:25 PM CDT

High Gas Prices Are Good for Detroit

Demand rising for electric alternatives, so makers, legislators must seize moment

(Newser) - Sky-high gas prices are finally pushing top US auto-makers to turn out fuel-efficient vehicles, and both Detroit and Washington should keep the pedal down to make a permanent change in how, and what, Americans drive, the US top car salesman tells the Wall Street Journal. "You have to tell...

Under the Hood, Size Does Matter
Under the Hood, Size Does Matter
May 31, 2008 2:39 PM CDT

Under the Hood, Size Does Matter

Even in SUVs, Americans opt for smaller engines to conserve on gas

(Newser) - Instead of saving on gas by getting smaller cars, many Americans are buying cars with smaller engines. Four-cylinder autos have been zooming off lots nationwide, leaving six-cylinder rides in the dust: Three quarters of mid-size cars sold in May sported the smaller engine, a swerve away from a trend in...

Honda Sells 60 Millionth Super Cub

Little cycle the best-selling motorized vehicle ever

(Newser) - Honda’s Super Cub motorcycle may look mundane, but it's also the best-selling motorized vehicle in history, Wired reports. In fact, Honda recently sold its 60 millionth. The Cub first put Honda on the map by making motorcycles safe for suburbanites. But the ultra-dependable little bike isn’t available in...

Honda Looks to Muscle in on Prius Market

Automaker adding 3 hybrid models to challenge rival Toyota

(Newser) - Honda is rolling out three new hybrids, looking to muscle in on rival Toyota in a world ever more receptive of fuel-efficient vehicles. The current Civic hybrid will be joined by a five-door compact, another compact already sold in Europe as the Jazz, and a new hybrid sports car, Forbes...

Robo-Maestro Takes Baton
 Robo-Maestro Takes Baton 
May 14, 2008 3:27 PM CDT

Robo-Maestro Takes Baton

Honda robot manages to wow Detroit audience despite limitations

(Newser) - It was classical music, but when the Detroit Symphony Orchestra hit its final note last night, it sounded an awful lot like the future. Honda’s Asimo robot led a real, live, human orchestra, and though the android was only repeating the recorded movements of a human, the performance went...

Japanese Automakers See Bumpy Road Ahead
Japanese Automakers See Bumpy Road Ahead
EARNINGS REPORTS
Apr 25, 2008 1:47 PM CDT

Japanese Automakers See Bumpy Road Ahead

Honda's profits down 86%, Mitsubishi's off 37%—and forecasts call for more of same

(Newser) - A strong yen is hurting Japan's automakers, the Wall Street Journal reports, with Honda and Mitsubishi announcing big declines in profits today and forecasting tough times ahead. Honda saw an 86% decline in profits for the quarter ended March 31; Mitsubishi's were down 37%. Mazda bucked the trend, with a...

March Auto Sales Hit the Skids
March Auto Sales
Hit the Skids 
Apr 2, 2008 4:00 AM CDT

March Auto Sales Hit the Skids

GM, Chrysler Down 19%, Toyota, Ford Dip 10%

(Newser) - US auto sales plummeted last month, with GM and Chrysler's March sales diving 19%, and Ford and Toyota's down 10%, the Wall Street Journal reports. Rising gas prices, the credit crisis and fear of the future are blamed for the troubling trend. Detroit is bracing for even more bad news...

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