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Honda

Honda Automobiles, a subsidiary of the multinational corporation Honda Motor Co., Ltd., is a major Japanese multinational automaker, primarily known for its reliable and fuel-efficient cars, SUVs, minivans, and trucks. Founded in 1948, the company has since become one of the world's largest automakers, with a global reputation for innovation and quality. Honda Automobiles is headquartered in Minato, Tokyo, Japan, and operates numerous manufacturing plants and research and development centers worldwide.

Honda

Product Type:

Cars, SUV

Owner/Parent:

Honda Motor Co.

Country of Origin:

Japan

Founder(s):

• Soichiro Honda

Headquarters:

Minato, Tokyo, Japan

Service Area:

Worldwide

Executive(s):

• Seiji Kuraishi (Chairman) • Toshihiro Mibe (President and CEO)

Revenue:

$125.117 billion USD (2023) -3.4% YoY

Operating Income:

$5.778 billion USD (2023) -25.49% YoY

Net Income:

$4.82 billion USD (2023) -23.4% YoY

Total Assets:

$4.82 billion USD (2023) +8.81 YoY

# of Vehicles Sold:

Globally • 3.7 million (Fiscal Year 2023) -9.5% USA • 1.3 million (2023) +33%

# of Employees:

197,039 Globally

# of Locations:

• 50 Assembly Plants Globally • 12 Assembly Plants in North America

Honda Company Value (Market Cap) End of Year

All figures are $USD and xBillion

Honda 2024 Vehicle Lineup

Vehicle Name

MPG

MSRP

# of Configurations

Type

Civic

31/40

Starting from $23,950

Gasoline

Accord

29/37

Starting from $27,895

Gasoline OR Hybrid

CR-V

38/34

Starting from $29,500

Gasoline OR Hybrid

HR-V

26/32

Starting from $24,600

Gasoline

Passport

19/24

Starting from $41,900

Gasoline

Pilot

19/27

Starting from $37,090

Gasoline

Odyssey

19/28

Starting from $38,240

Gasoline

Ridgeline

18/24

Starting from $39,750

Gasoline

Early Days and Entrepreneurial Spirit:

• Soichiro Honda, passionate about automobiles, began his career as a mechanic and later founded Tōkai Seiki to manufacture parts. • After facing initial setbacks, Honda learned from Toyota's quality control methods and secured contracts to supply parts. • World War II disrupted operations, and Honda rebuilt from the ashes, founding the Honda Technical Research Institute in 1946.

From Motorized Bicycles to Global Success: • Honda started with supplying engines for bicycles, leading to the creation of the first complete Honda motorcycle in 1949. • By the 1960s, Honda became the world's largest motorcycle manufacturer and ventured into automobile production with the T360 mini-truck and the S500 sports car.

Expansion and Transformation: Honda established a presence across the globe and diversified its product line, including the successful Acura luxury brand and the iconic NSX supercar. Facing challenges in the 1990s, Honda adapted by focusing on market-driven products like SUVs and streamlining operations. Looking Forward: Committed to innovation, Honda formed partnerships with companies like Hitachi and GM to explore electric vehicles and hydrogen fuel technology. Recent years have seen both advancements and challenges, with Honda achieving milestones in self-driving technology while facing vehicle recalls.

Revenue By Year

All figures are $USD and xBillion

Net Income (Profit) by Year

All figures are $USD and xBillion

Vehicle Deliveries by Year (USA)

Vehicle Deliveries by Year (Global)

All figures are xMillion

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