Joe Thompson is the owner of a successful auto body shop in Ferndale, California. This 38 year old is also a prolific writer, contributing automotive related articles to various publications.
Honda Motor Co. expects to get a 5 percent increase in sales in the global auto market. The increase is attributed to the purchase of 3.55 million vehicles this year. Sales is also expected to boom ever more hence; Honda plans to open a new engine plant in Japan to cope with the growing demands.
Honda will spend 25 billion yen ($211 million) to create the mentioned engine plant. The latter is intended to be built in Saitama prefecture (north of Tokyo). Production of Honda vehicles in said plant will start in mid-2009. Its annual capacity is 200,000 units.
The automaker, famed for its reliable auto parts Honda, has established a reputable name in the manufacture of robots, motorbikes, light aircraft, and cars. The assembly of Honda Civic car parts and those of other cars and minivans are meticulously supervised to secure overall quality. Civic compact and Odyssey minivan are expected to produce a 3 percent increase (about 1.51 million vehicles) this year. The sales will mark a good record for 10 continuous years.
In the United States, the sales record of sport utility vehicles and light trucks is on the rise. This is reflected in the sales of Honda CR-V. In this regard, Honda experienced an overseas increase making it land on Japan's No.3 automaker. The data was divulged by Takeo Fukui, Honda's president. Fukui added, "To meet demand Honda's Mexico plant would begin making CR-Vs in late 2007. CR-V was loosely derived from Civic. Honda CR-V parts are engineered to satisfy the cravings of sport utility fanatics. The 2007 redesigned version of CR-V will be sharing platform with Acura RDX.
"Overseas sales are booming across the board, but conditions in the home market have been difficult," Fukui said. "We hope to strengthen our product offerings and revitalize the flagging market."
Auto business is expected to be brisk and sales are expected to be up next year. But for Honda and other auto giants, brisk sales have started. In fact, this year in Europe Honda made an 8 percent increase (about 310,000 units). It is expected to rise by 13 percent to 350,000 next year.
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AUTOPILOT PROFITS SYSTEMS - SUCCESS CAN BE YOURS
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How Cerberus Enticed Daimlerchrysler
By: Joe Thompson | 14/06/2007 | AutomotiveEver wondered how private-equity firm Cerberus enticed Daimler to snag Chrysler? Let’s trail the facts…
The Fall of a Dream Merger
By: Joe Thompson | 13/06/2007 | AutomotiveHailed in 1998 as a merger ‘made in heaven,’ the union of two auto giants had reached a critical juncture in fall last year. How did the dream marriage hit the rocks?
New Technology Turns Hybrids to Plug-in Hybrids
By: Joe Thompson | 13/06/2007 | AutomotiveThe Central Vermont Public Service recently announced that they have developed a technology which can convert hybrid vehicles to plug-in hybrid vehicles. CVPS claims that PHEVs are more efficient than HEVs.
Skoda Launch Octavia in China
By: Joe Thompson | 12/06/2007 | AutomotiveCzech car manufacturer Skoda recently launched the sale of China-made Skoda Octavias in China. The company has already received 10,000 orders for the Octavia in the country.
‘practice Pays Off’ – Corvette Racing
By: Joe Thompson | 11/06/2007 | AutomotiveCorvette Racing, has etched a good name at Le Mans. Their secret: PRACTICE.
Gas Saving Invention Granted U.s. Patent
By: Joe Thompson | 09/06/2007 | AutomotiveA fuel saving device has recently been given patent by the US government. The said device uses a third manifold and platinum vapor to increase the percentage of fuel burned in an engine.
Ford Bags Most Quality Awards in J.d. Power Survey
By: Joe Thompson | 08/06/2007 | AutomotiveFord bagged five top category awards in the annual survey of J.D. Power and Associates. According to the firm, Ford gets more than any other automaker.
Tomtom Releases New Tomtom Go
By: Joe Thompson | 08/06/2007 | AutomotiveTomTom Inc. recently launched the TomTom GO 720 for the United States and Canada. The product is the latest and most advanced offering of the Netherlands-based navigation system manufacturer.