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Tag: Honda

Business

Pressure mounts on Honda CEO after electric vehicle pivot unravels

Honda Motor Co. is facing growing internal unrest as senior executives reportedly push for the resignation of Chief Executive Officer Toshihiro Mibe following a dramatic reversal of the automaker’s electric vehicle strategy and mounting financial challenges. Mibe, who took the helm of Honda’s transformation agenda, was widely praised in 2021 after committing the Japanese automaker […]

News

Honda moves manufacturing plant from Japan to US

Honda Motor Co. announced on Wednesday, that it will relocate production of its U.S.-bound five-door Civic hybrid from its Yorii plant in Japan to its facility in Indiana. Production at the Yorii factory, located near Tokyo, is expected to cease by June or July 2025. A Honda spokesman stated that production of the hybrid Civic […]

News

Nissan, Honda merger plan scrapped as negotiations collapse

Honda and Nissan have officially terminated their merger discussions, which aimed to create the world’s third-largest automaker with a combined valuation of approximately $60 billion. Despite this, both companies have agreed to a strategic partnership focused on intelligent and electrified vehicles, aiming to collaborate on future technologies. Honda and Nissan, along with junior partner Mitsubishi […]

News

Nissan exits historic deal with Honda

Nissan Motor Co. is backing out of its agreement with Honda Motor Co. to merge the two brands and enhance global competitiveness, according to a report by Nikkei on Wednesday. The Japanese automakers had been in talks to create a partnership where Honda would absorb Nissan, with plans to combine both brands under a single […]

News

Honda debuts US EVs, plans advanced chip integration

Honda Motor Co. unveiled prototypes of its latest electric vehicles—a sedan and an SUV—featuring a new in-house software operating system, Asimo, at the Consumer Electronics Show in Las Vegas on Tuesday. The 0 Series sedan and mid-size SUV are set to be produced at Honda’s Ohio plant, with sales expected to begin in early 2026, […]

News

Honda poised for best performance in 16 years after merger talks

Honda’s announcement of a 1.1 trillion yen ($7 billion) share buyback, along with ongoing merger discussions with Nissan, has led to a surge in its stock. The move is on track to deliver the company’s best performance in 16 years, reflecting strong investor confidence in its future prospects. Nissan and Honda have confirmed they’ve started […]

News

Honda, Nissan plan merger to form world’s third-largest automaker

Japanese automakers Honda and Nissan have officially entered into merger discussions, aiming to create the world’s third-largest automotive group by sales. The companies have signed a memorandum of understanding, with plans to finalize the merger by 2026. Honda CEO, Toshihiro Mibe emphasized during a press conference on Monday that achieving greater scale is essential for […]

News

Honda, Nissan explore merger to challenge EV makers in China

Honda and Nissan have reportedly engaged in talks about a potential merger to better compete with electric vehicle manufacturers, particularly in China. The move would allow both companies to pool resources and strengthen their presence in the rapidly growing EV market. In March, Honda and Nissan decided to explore a strategic partnership aimed at EVs, […]

News

Honda halts funding for GM’s autonomous car project

Honda Motor Co. has decided to halt funding its joint project with General Motors Co. to develop autonomous vehicles. This decision follows GM’s move to pull back from its Cruise robotaxi business, signaling a shift in the direction of their partnership and the broader push for autonomous vehicle technologies. “We will continue to develop new […]

Honda recalls 2.5M vehicles over pump defect
Business

Honda recalls 2.5M vehicles over pump defect

Alex Omenye The American arm of Honda Motors is recalling more than 2.5 million vehicles because of a fuel pump defect. The defect is capable of increasing the risks of engine failure or stalling while driving. According to the National Highway Traffic Safety Administration, the fuel pump impeller used for on the 2017-2020 Acura and […]

News

Honda recalls about 1.2M vehicles over rear camera issues

Kazeem Owoseni     Honda Motor Company Limited, has announced the recalling of nearly 1.2M vehicles in the United States, because the rear view camera image may not appear on the dashboard screen.   The motor company made this disclosure on Friday June 23, 2023, in documents posted by U. S safety regulators.   Reports […]

Technology

Honda to launch fuel cell vehicles in 2024

Globally renowned automobile company, Honda, is set to launch a fuel cell electric vehicle in 2024 based on its bestselling CR-V crossover.   The automaker said it will produce the CR-V variant at its Performance Manufacturing Center in Marysville, Ohio, as part of its strategy to go fully electric by 2040 and carbon neutral by […]

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