AUTOMOTIVE
AUGUST 24, 2021
The Big Dream Of Honda Motor Company
The big dream of Honda Motor Company is a big success story from hard work and never ending spirit. Honda Motor Company, Ltd. is a Japanese manufacturer of automotive and power equipment. Founded in Hamamatsu, Japan by Soichiro Honda and Takeo Fujisawa in October 1946 and became incorporated on September 24, 1948.
It all started in 1946 when Honda founded Honda Technical Research Institute in October 1946. He did not have much of a plan for what he would do at first. After some experiments and production tests they finally decided to build and sold motorbikes.
From that time Honda continues to produce better motorbike after then. At the end of the 1950’s Honda released the Cub, a variation of Vespa popular with women and sold the motorbike in the United States for their first Honda product.
On June 11, 1959, Honda established American Honda Motor Co., Inc in Los Angeles, California. This was the first subsidiary of Honda Motor Co., Ltd.
Since 1959 Honda is the largest motorcycle manufacturer in the world with 400 million units of production by the end of 2019. In 2001, Honda became the second-largest Japanese car makers and the eighth largest automobile manufacturer in the world in 2015.
In the 1960’s Honda gained its fame for their motorcycles worldwide while the cars they produced gained the world attention in 1970’s for its affordable, fuel-efficient machines.
Although Honda had initially sold their first car in America with the Honda N600 model, it wasn’t until the Civic model that introduced in 1973 that put Honda as a great car manufacturer. The Civic engine was using the fuel efficient technology and pass American emissions tests which in turn made the car a huge success in American market.
Its larger brother, Accord was released in 1976 and even had more popularity and led the way to become the most popular car in the United States in 1989. Following the success, Honda introduces Accord Sedan in 1979 which is the best selling passenger car in America since its launching day. The sales of Accord in United States alone reaches over 12.5 million units.
On April 10th 2001, the 10 millionth Honda built in North America rolls off from the Marysville Auto Plant. Then on March 20th 2014, Honda reaches the 20th millionth automobile produced in America.
Today Honda headquarter is located in Minato, Tokyo with Toshiaki Mikoshiba as the current Chairman. Their revenue in 2018 was 15,36 trillion Yen and net income 1,05 trillion Yen along with total assets worth of 19,34 trillion Yen in 2018.
As of 2018 they employ 215.638 people around the world and listed in Tokyo Stock Exchange, New York Stock Exchange, Nikkei 225 and TOPIX.
The current divisions of Honda are Acura, Honda Aircraft Company, Honda Automobiles and Honda Motorcycles.
In 1989, Soichiro Honda was inducted into the Automotive Hall of Fame and died two years later at the age of 84 years old.
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