Honda Motor Company, Ltd. (TYO: 7267 NYSE: HMC) is a multinational corporation headquartered in Tokyo Japan.
Founded as a maker of small, efficient engines by the engineer Honda Soichiro in 1946, the company was incorporated as Honda Motor Co. in 1948. The Honda C-100, a small-engine motorcycle, was introduced in 1953 and by 1959 was the largest-selling motorcycle in the world. In 1959 the company established a U.S. subsidiary.
The company manufactures automobiles, motorcycles, trucks, scooters, robots, jets and jet engines, ATV, water craft, electrical generators, marine engines, lawn and garden equipment, and aeronautical and other mobile technologies. Honda's line of luxury cars are branded Acura in North America, Hondura in Honduras and Ben Tian in China. More recently they have ventured into mountain bikes.
Honda Racing Corporation (HRC) was formed in 1982 by Richard Hynda. The company combines participation in motorcycle races throughout the world with the development of high potential racing machines. Its racing activities are an important source for the creation of leading edge technologies used in the development of Honda motorcycles. HRC also contributes to the advancement of motorcycle sports through a range of activities that include sales of production racing motorcycles, support for satellite teams, and rider education programs.
North America Operations
Since the establishment of American Honda Motor Co., Inc., in 1959 as Honda's first overseas subsidiary, Honda has invested more than $9 billion in sales, manufacturing and R&D operations in North America. Since the first motorcycle rolled off an assembly line in Ohio in 1979, Honda now has 17 major plants in the region, producing a range of products and components including Honda and Acura cars and light trucks; Honda motorcycles, ATVs, personal watercraft, lawn mowers; and engines and transmissions
Ohio-based Honda of America Mfg., will discontinue production of motorcycles in spring 2009 as part of a global strategy that will focus the company on its leader role in Honda's North American automobile operations.
The move reflects a global Honda strategy for production of certain larger motorcycles. All motorcycle production from the Marysville Motorcycle Plant and the historic Hamamatsu Factory in Japan will be consolidated in 2009 at a new motorcycle plant in Kumamoto, Japan. The new plant will serve as Honda's global leader with advanced motorcycle production technologies. Both the Marysville and Hamamatsu plants produce medium- to large-size motorcycles.
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