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Honda Aircraft Company Becomes First Twin-Turbine Very Light Business Jet Manufacturer to Fly HondaJet on 100% Sustainable Aviation Fuel
Globenewswire· 2025-10-13 14:01
Core Insights - Honda Aircraft Company has successfully conducted a test flight of the HondaJet using a 100% blend of sustainable aviation fuels (SAF), marking it as the first twin-turbine very light business jet to achieve this milestone [1][2]. Company Developments - The test flight utilized a production-model HondaJet fueled with Hydroprocessed Esters and Fatty Acids Synthetic Paraffinic Kerosene (HEFA-SPK) and Hydrodeoxygenated Synthetic Aromatic Kerosene (HDO-SAK) [2]. - The engineering team at Honda Aircraft, in collaboration with GE Honda Aero, has been instrumental in this achievement, showcasing the feasibility of using 100% SAF blends [2][3]. - Honda Aircraft Company has been recognized for its commitment to sustainable aviation, having received Sustainable Flight Department Accreditation from the National Business Aviation Association (NBAA) in October 2024 [4]. Environmental Commitment - The successful test flight aligns with Honda's global goal of decarbonizing business activities by 2050, as stated by the Senior Vice President and Chief Commercial Officer of Honda Aircraft Company [4]. - The HondaJet design emphasizes fuel efficiency, achieving up to a 20% improvement in fuel economy compared to similar aircraft, which supports the company's sustainability initiatives [4]. Product Information - Honda Aircraft Company, a subsidiary of American Honda Motor Co., Inc., is responsible for the development and manufacturing of the HondaJet Elite II and is planning to introduce the HondaJet Echelon, an 11-occupant aircraft [5]. - Cumulative deliveries of the HondaJet surpassed 250 units globally by 2024, indicating strong market presence and demand [5].
Honda's grip on Vietnam motorbike market looks shaky on EV switch
Reuters· 2025-10-08 04:02
Core Insights - Honda's leading position in Vietnam's motorbike market is being challenged due to government initiatives promoting a swift transition to electric vehicles (EVs) [1] - The push for EVs is expected to benefit local manufacturer VinFast, which is positioned to capitalize on this shift [1] Industry Impact - The Vietnamese government is actively encouraging the adoption of electric vehicles, which may disrupt traditional motorbike sales dominated by Honda [1] - The transition to EVs aligns with global trends towards sustainability and reducing carbon emissions, potentially reshaping the automotive landscape in Vietnam [1] Company Implications - Honda may face increased competition from VinFast as the latter seeks to expand its market share in the emerging EV segment [1] - The shift towards electric mobility could necessitate strategic adjustments from Honda to maintain its market leadership in Vietnam [1]
Gov. DeWine, JobsOhio Welcome Honda Research Institute USA Expansion, Showcasing Ohio's Leadership in Automotive and Advanced Mobility Innovation
Globenewswire· 2025-10-07 12:05
Columbus, Ohio, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Honda Research Institute USA, Inc. (HRI-US), Ohio Gov. Mike DeWine and JobsOhio today announced a $2.6 million investment to expand Honda’s advanced research presence in Ohio with a new Advanced Materials Science Lab on The Ohio State University SciTech Campus. This investment strengthens Ohio’s position as a global hub for mobility research, development, and manufacturing. The new HRI-US lab, scheduled to open in the fourth quarter of 2025, will support col ...
Tesla, GM lead record U.S. EV sales this year as federal incentives end
CNBC· 2025-10-03 14:57
Core Insights - Tesla and General Motors are leading the U.S. automotive industry in record domestic sales of all-electric vehicles, driven by consumer demand before the expiration of federal incentives of up to $7,500 [1][8] Sales Performance - U.S. sales of electric vehicles (EVs) exceeded 1 million units in the first nine months of the year, with a record quarterly sales of over 438,000 units in Q3, achieving a market share of 10.5% [2] - The market share increased from 7.4% in Q2 and 7.6% in Q1, indicating strong growth in the EV sector [3] Market Share Dynamics - Tesla retained its leadership position with a 43.1% market share through September, although this is a decline from 49% at the end of the previous year [4] - General Motors increased its market share from 8.7% at the beginning of the year to 13.8% by Q3, surpassing Hyundai Motor's combined share of 8.6% [4] - Ford's EV market share was reported at 6.6%, followed by Volkswagen at 5.4%, Honda at 4.6%, and BMW at 3.6% [6] Future Projections - GM anticipates leading the U.S. industry in EV market share growth in 2025, with a total of 144,668 EVs sold through September, representing 6.8% of its total U.S. sales [5] - Analysts predict a potential decline in EV sales following the end of federal incentives, with expectations of market share dropping to around 5% [10] Startup Performance - Despite overall sales growth, EV startups Rivian Automotive and Lucid Group maintain relatively small market shares, with Lucid under 1% and Rivian at 3% through September [7]
Honda Awards $100,000 to All Kids Bike to Launch Traffic Safety Education in Elementary Schools Nationwide
Globenewswire· 2025-10-02 16:00
Core Points - Honda has made a $100,000 contribution to All Kids Bike to support the Kindergarten PE Learn-to-Ride Program, aiming to teach bike riding and traffic safety skills to kindergarteners in communities near Honda operations [1][4] - The program will provide schools with a comprehensive curriculum, teacher training, and necessary equipment, including 24 Strider balance-to-pedal bikes and safety gear [2][6] - Over the next decade, the program is expected to teach more than 15,000 kindergarteners, promoting healthier and safer futures for children [5][8] Company Contributions - Honda's funding aligns with its commitment to support safe driving practices and community education, emphasizing the importance of traffic safety for young students [4][9] - The partnership with All Kids Bike reflects Honda's broader corporate social responsibility initiatives, which focus on education, mobility, and community engagement [9] Program Details - The All Kids Bike program includes an eight-lesson curriculum that combines practical riding experience with traffic awareness, using real traffic symbols and signals [3][6] - Each participating school will receive a Traffic Safety Kit to enhance the learning experience, helping children practice safe biking habits in a controlled environment [2][7] - The program has been implemented in over 1,700 schools across all 50 states, teaching more than 170,000 kids annually [8]
Honda ends production of its Acura EV in the US, citing 'market conditions'
Business Insider· 2025-09-24 18:20
Core Viewpoint - Honda is retracting its plans for the Acura ZDX electric vehicle due to unfavorable market conditions, indicating a broader trend among automakers to reassess their electric vehicle strategies [1][2]. Group 1: Honda's Decision - Honda is ceasing production of the Acura ZDX electric crossover in the U.S., which was produced by General Motors in Tennessee, confirming the vehicle's limited market presence in North America [1]. - The decision aims to align Honda's product portfolio with customer needs and market conditions, with plans to introduce the all-electric Acura RSX in 2026 and hybrid-electric models currently in development [2]. Group 2: Market Performance - Since its launch in May 2024, Honda has sold over 19,000 ZDXs in North America, but the company has announced a 30% cut in EV investment through the 2031 fiscal year due to a slowdown in EV market expansion [3]. - EV sales in North America have only increased by 5% in the first four months of the year, contrasting sharply with 25% growth in Europe and 35% in China, highlighting a significant regional disparity in EV adoption [3]. Group 3: Industry Trends - Other automakers are also scaling back their electric vehicle plans, with Hertz pausing a purchase of 65,000 EVs and Ford canceling plans for electric three-row SUVs while still pursuing an EV truck [5]. - Bentley's recent decision to continue investing in combustion engines, despite earlier commitments to electric vehicles by 2035, reflects a dip in demand for luxury electric vehicles [6].
Here's Why You Should Retain Honda Stock in Your Portfolio Now
ZACKS· 2025-08-26 17:51
Core Insights - Honda Motor Co., Ltd. is positioned to benefit from increasing hybrid adoption and strategic partnerships, despite facing challenges from declining demand and high capital requirements [1] Group 1: Hybrid and EV Strategy - The surge in hybrid adoption is expected to boost Honda's sales, with projections of 21.3 million motorcycle sales in fiscal 2026, reflecting a year-over-year growth of 3.5% [2] - Honda aims for EVs and FCEVs to make up 100% of its global vehicle sales by 2040, with plans to reduce battery costs by over 20% in North America by 2030 and lower overall production costs by 35% [3] - The introduction of the new 0 Series EV lineup in January 2024 is pivotal for Honda's electrification efforts, with plans to launch seven models globally by 2030 [4] Group 2: Financial Performance and Shareholder Returns - Honda is committed to increasing shareholder returns through dividends and stock buybacks, with a planned repurchase of 1.1 trillion yen worth of shares and an expected annual dividend increase to 70 yen per share for fiscal 2026 [5][8] - The company's Power Products segment has faced declining revenues, with unit sales dropping 2.9% to 3,700,000 units in fiscal 2025, and further declines are anticipated [6] Group 3: Capital Expenditure and Investment - Capital expenditure for fiscal 2026 is projected to increase by 19% to 640 billion yen, with Honda investing $48 billion (7 trillion yen) through 2031 to support its electrification strategy [6]
GAC Honda Accord Sets New Guinness World Record for Most Moving Vehicles Weaved Through in 30 Seconds
Newsfile· 2025-08-26 07:54
Core Points - GAC Honda Accord set a new Guinness World Record by weaving through 17 moving vehicles in 30 seconds, surpassing the previous record of 16 vehicles [1][3] - The record attempt involved 18 eleventh-generation Accord sedans, with one acting as a chasing vehicle and 17 as moving vehicle markers [3] - The event was conducted under strict supervision by Guinness officials to ensure compliance with the rules [3] Performance and Engineering - Weaving through moving vehicles is a rigorous test of a vehicle's dynamic capabilities, requiring precise steering, rapid acceleration, stable chassis control, and reliable braking [6] - GAC Honda attributes the Accord's success to its advanced engineering technologies [6] - The achievement highlights the importance of superior driving quality and dynamic performance as benchmarks of automotive excellence [8] Market Position - The GAC Honda Accord is recognized for its reliability and strong resale value, consistently leading its segment [10]
Auto safety regulators probe 1.4M Honda and Acura vehicles over engine failures
New York Post· 2025-08-25 20:26
Core Points - The National Highway Traffic Safety Administration (NHTSA) has initiated a probe into over 1.4 million Honda and Acura vehicles due to engine failure risks, following hundreds of driver reports [1][2] - The recall affects approximately 1,410,806 vehicles, including specific models from 2016 to 2020 [1][4] - The investigation was prompted by 414 reports of engine failures linked to faulty connecting rod bearings, which hold the crankshaft and connecting rod in place [1][2] Vehicle Models Affected - The affected models include: - 2018-2020 Acura TLX - 2016-2020 Acura MDX - 2016-2020 Honda Pilot - 2018-2020 Honda Odyssey - 2017-2019 Honda Ridgeline [4] Investigation Details - The NHTSA previously closed an investigation after determining that the engine failures were not due to the same manufacturing defect identified in Honda's 2023 recall [6] - The new probe aims to evaluate the scope and severity of the engine failure issue and assess potential safety-related concerns [6]
Honda Q1 Earnings Surpass Expectations, Revenues Rise Y/Y
ZACKS· 2025-08-15 15:45
Core Insights - Honda reported earnings of $0.97 per share for Q1 fiscal 2026, exceeding the Zacks Consensus Estimate of $0.51, but down from $1.57 in the same quarter last year [1][10] - Quarterly revenues reached $37 billion, slightly below the Zacks Consensus Estimate of $37.8 billion, but higher than $34.7 billion from the previous year [1] Segmental Highlights - The Automobile segment's revenues increased by 1.1% year over year to ¥3.54 trillion ($24.4 billion), but it incurred an operating loss of ¥29.6 billion ($204 million), contrasting with an operating income of ¥222.8 billion in the same quarter last year [2] - Motorcycle segment revenues were approximately ¥951.6 billion ($6.58 billion), up 1.5% year over year, with an operating profit of ¥189 billion ($1.30 billion), reflecting a 6.8% increase year over year [3] - Financial Services segment revenues totaled ¥832.6 billion ($5.76 billion), down 11.4% year over year, with operating profit remaining flat at ¥85 billion ($588 million) [3] - Power Products and Other Businesses generated revenues of ¥92.8 billion ($641 million), a decrease of 2.2% year over year, but the operating loss narrowed to ¥219 million from ¥753 million in the same period last year [4] Financials & FY26 Outlook - As of June 30, 2025, Honda's consolidated cash and cash equivalents stood at ¥4.01 trillion ($27.7 billion), with long-term debt around ¥6.95 trillion ($48.1 billion) [5] - For fiscal 2026, Honda projects consolidated sales volumes of 14.25 million units for Motorcycles, 2.83 million units for Automobiles, and 3.67 million units for Power Products, indicating a 4.1% growth in Motorcycles but declines of 0.3% and 0.8% in Automobiles and Power Products, respectively [6] - Honda forecasts fiscal 2026 revenues of ¥21.1 trillion, a decline of 2.7% year over year, with an operating profit expected at ¥700 billion, down 42.3% year over year, and a pretax profit forecasted at ¥710 billion, suggesting a drop of 46.1% year over year, attributed to macroeconomic and tariff-related challenges [7]