Ten Honda Manufacturing Facilities in North America Achieve Zero Waste Sent to Landfill

Honda Motor Co. said 10 of its North American plants now send no waste to landfills and four others in the region cut scrap and trash to “virtually” nothing as the carmaker seeks to curb manufacturing-related pollution.

Honda, which claimed in 2001 that its Alabama auto-assembly plant was first in the U.S. to send no trash to landfills, aims to lead the industry in waste reduction, Ed Miller, a spokesman for the Tokyo-based carmaker, said in a telephone interview. The company isn’t aware of a competitor that’s achieved a higher level, he said.

“We now have 10 of 14 facilities that are absolute zero, and for the four that still have some there are extenuating circumstances,” said Miller, who is based in Detroit.

Those include a lack of recycling options for cafeteria waste at Honda’s Mexican motorcycle and auto plant, and a byproduct material from painting aluminum hoods at its Ohio auto plants that can’t be recycled under U.S. rules, Miller said.

Honda, Japan’s third-largest automaker, in 2010 built more than 80 percent of cars and light trucks it sold in the U.S. at North American plants, the highest proportion among Asian and European-based companies. Honda’s U.S. headquarters are in Torrance, California.

Source;
http://www.bloomberg.com/news/2011-07-14/honda-cuts-waste-at-10-north-american-plants-to-absolute-zero.html

WSJ: Honda To Resume Full North American Auto Production In August

By Mike Ramsey
Of THE WALL STREET JOURNAL

DAYTON, Ohio (Dow Jones)--Honda Motor Co. (HMC, 7267.TO) will return its North American auto production to normal levels for all but one vehicle in August, faster than the company expected, the company said in a statement Thursday.

Honda has been running its plants at around 50% of their normal volume since April because of limited supplies of critical parts. Honda, Toyota Motor Corp. (TM, 7203.TO) and Nissan Motor Co. (NSANY, 7201.TO) have all limited their production this year because of the massive March 11 earthquake that damaged dozens of parts suppliers, particularly electronics makers.

Unfortunately for Honda, the lone car built in North America that won't return to full production in August is the redesigned Civic. Production of the vehicle will remain at 50% of projected volume because of limited supplies of parts and return to normal sometime in the fall, the company said. The Civic is one of Honda's best-selling models and the redesigned model was expected to help drive sales this year, reversing a market-share decline.

"The light at the end of the tunnel is glowing brighter for us, represented by this significant improvement in our production situation," said John Mendel, executive vice president of American Honda Motor Co., in the statement.

Honda, with more production in North America than Toyota or Nissan, has been the slowest to return its plants to higher volume. Nissan's U.S. production missed only a few days and Toyota is ramping back up most of its plants in North America next month.

Low inventories of key vehicles, combined with few incentives from Honda and maybe the perception that cars aren't available, are expected to drag down Honda's sales results in May. TrueCar.com, a consumer research and vehicle pricing website, predicts Honda's May sales will decline 26%, the most of any major manufacturer.

Honda's Mendel last week sent a letter to dealers to encourage then to push for sales harder and to say that supplies wouldn't run out because sales results were disappointing at that point in the month.

Source;
http://online.wsj.com/article/BT-CO-20110526-707691.html

Honda Gives Assurances to U.S. Dealers

By MIKE RAMSEY
DETROIT—Honda Motor Co. told its U.S. dealers Friday that July vehicle deliveries would increase by 11% from June levels and accelerate in August as the auto maker ramps up production after the March 11 earthquake in Japan.

American Honda Executive Vice President John Mendel said in a memo that its sales continued to "run at a relatively soft pace" despite what the company considers decent inventory levels, albeit lower than year-earlier levels.

"Many of you have indicated that it is due in large part to concerns for inventory going forward," Mr. Mendel said.

Honda follows Nissan Motor Co. in efforts to encourage its dealers to continue driving deals to gain customers despite a murky outlook for vehicle inventories this summer. Both auto makers and Toyota Motor Corp. had to stop production in Japan for several weeks following the earthquake, and all continue to face shortages of electronic components, LCD screens and rubber.

U.S. sales for Honda rose 10% last month compared to 18% for the overall industry.

"It's interesting to note that although our total inventory is down versus May 2010, we have more CR-Vs, Pilots and Fits in dealer inventory now than we did a year ago," Mr. Mendel said.

"With this level of inventory, coupled with competitive incentives focused on vehicles with sufficient availability, you all need to continue to push hard on the sales front."

Last week, Nissan asked dealers to be more aggressive and go after Toyota and Honda, which it deemed vulnerable.

Source;
http://online.wsj.com/article/SB10001424052748704816604576335061787279604.html?mod=googlenews_wsj

Honda says parts supply recovery picking up speed

May 17 (Reuters) - Honda Motor is seeing a speeding up in the recovery of parts supplies, which will be key to bringing forward its timing for a return to normal production after a March earthquake and tsunami in northeastern Japan disrupted supply chains, the automaker's chief financial officer said on Tuesday.

Honda Chief Financial Officer Fumihiko Ike also told a small group of reporters that the company plans to announce its earnings forecast for the current fiscal year before its shareholders' meeting, which is scheduled for June 23. (Reporting by Kentaro Sugiyama; Writing by Junko Fujita; Editing by Edmund Klamann)

Source;
http://www.reuters.com/article/2011/05/17/honda-production-idUST9E7GA01I20110517

Honda Motor To Cut Number Of Directors To 12 From 20 - Update

(RTTNews) - Japanese automaker Honda Motor Co., Ltd. (HMC: News ) Tuesday stated that its board of directors has decided on a plan for changes in management and board structures. The plan includes reducing the number of directors to twelve from presently twenty.

The plan, which was decided at a board meeting held today, is intended to strengthen the company's management structure amid changes in the economic environment.

The planned changes are subject to shareholders' approval at the general meeting to be held in late June 2011 and a decision at the board meeting to be held immediately thereafter.

According to the company, in 2005, it had implemented an operating officer system to strengthen the execution of regional and on-site operations and to carry out appropriate management decisions. In that system, a structure was established to differentiate the roles between directors and operating officers.

Honda Motor today said it will designate all of the directors who have business execution roles, including the president, as operating officers. In conjunction with these changes, titles such as senior managing, managing, and the like will be attributed to officers within the operating officer system.

Further, the company will elect a member from the operating officers as a candidate for director.

This member will be responsible for deciding matters provided by law and for monitoring and supervising business execution, in order to speed-up and streamline board's decision making. This member will also respond to the requests of shareholders and investors.


As a consequence of these changes, the number of directors will change from twenty to twelve in late June this year. Meanwhile, the company will maintain the number of corporate auditors at five.

In addition, in order to align with the beginning of the business year, the time of assumption of office for operating officers will be changed to April 1. It was late June earlier.

HMC closed Friday's trading at $44.49, up $0.12, on a volume of 496,400 shares.

Source;
http://www.rttnews.com/Content/BreakingNews.aspx?Id=1558176&SM=1

Honda still Japan's No. 2 -- in market capitalization

TOKYO -- Nissan Motor Co. jumped ahead of domestic rival Honda Motor Co. in global sales last year to become Japan's second-biggest automaker.

But Honda is still No. 2 among Japan's carmakers in market capitalization. And last week, Honda improved on its standing with the second-largest market cap of any Japanese company, period.

Even as Honda slid behind Nissan in sales, investors were voting with their pocketbooks on Honda's solid earnings and its forecast for some of the fattest profits in the auto industry.

As Honda shares closed 2 percent higher on Feb. 1, local media were quick to report that its market capitalization eclipsed the previous No. 2, Japanese mobile phone provider DoCoMo. It was Honda's first time ranked second since the 1980s, Japan's Nikkei business daily said.

Not surprisingly, Toyota Motor Corp. -- the world's largest automaker in terms of global sales volume -- also is Japan's largest company in terms of market capitalization.

Toyota, with nearly twice as many outstanding shares as Honda, had a market capitalization of 12.03 trillion yen ($146.4 billion) at the Tuesday close of the Tokyo Stock Exchange. Honda, whose shares have risen 26 percent since August, stood at 6.45 trillion yen ($78.5 billion). Nissan was No. 3 among automakers, capitalized at 3.94 trillion yen ($47.9 billion).

Source;
http://www.autonews.com/article/20110209/BLOG06/110209718/-1

Honda unit to stop hosting Indy car racing in Japan from 2012

That high yen strikes again....
TOKYO —
A motor racing unit of Honda Motor Co said Wednesday that it will stop holding IndyCar Series racing in Japan from 2012. Mobilityland Corp, a wholly owned motor racing unit of Honda, said it has become quite difficult to continue Indy car racing in Japan due to recent economic developments.

Mobilityland has hosted Indy car racing at Twin Ring Motegi in Tochigi Prefecture since 2003 and will hold the last event at the circuit in September.

Source;

http://www.japantoday.com/category/sports/view/honda-unit-to-stop-hosting-indy-car-racing-in-japan-from-2012

Japanese Stocks Advance, Led by Honda, on Earnings Confidence

By Anna Kitanaka
Jan. 24 (Bloomberg) -- Japanese stocks rose for the first time in three days, led by automakers, after Nomura Holdings Inc. raised its rating on Honda Motor Co. to “buy,” and after General Electric Co. of the U.S. beat earnings estimates.

Honda climbed 3.8 percent. Elpida Memory Inc., the world’s third-largest maker of computer-memory chips, jumped 5.1 percent after Goldman Sachs Group Inc. boosted its investment rating. Yaskawa Electric Corp., a maker of electronic controls, leapt 4.5 percent after the company swung to profit. Tokyo Tomin Bank Ltd., a regional lender based in Japan’s capital, tumbled 6.1 percent, leading a decline by banks.

“There are strong expectations that earnings will improve,” said Koichi Kurose, chief strategist in Tokyo at Resona Bank Ltd., which manages about $57 billion in assets. “As we’re seeing increasing earnings abroad, Japanese exporter shares are rising.”

The Nikkei 225 Stock Average increased 0.7 percent to 10,345.11 at the close in Tokyo. The broader Topix index also gained 0.7 percent to 917.18, after earlier falling as much as 0.1 percent. About three shares rose for each that fell on the Topix.

The Topix has gained 2 percent this year, driving the average price of shares in the index to 15.8 times estimated earnings on average, close to the highest level since August.

General Electric
The gauge sank 1 percent in 2010 as the yen rose to its strongest annual average level against the dollar since currencies became freely traded in 1971, dimming the outlook for export earnings. Confidence in a global recovery was also damped by Europe’s debt crisis, China’s steps to curb inflation and concern U.S. growth will weaken.

In the U.S., the Standard & Poor’s 500 Index increased 0.2 percent in New York on Jan. 21 after General Electric, the world’s biggest maker of jet engines, medical-imaging equipment and power turbines, reported fourth-quarter earnings from continuing operations of 36 cents a share, exceeding the average estimate from analysts of 32 cents. General Electric Co. is considered a proxy for world growth.

Automakers as a group were the biggest boost to the Topix among the index’s 33 industry groups.

Honda Leads Gains
Honda, Japan’s second-largest automaker, gained 3.8 percent to 3,400 yen, the biggest contributor to the Nikkei 225’s advance. The company was raised to “buy” from “neutral” by Nomura analyst Masataka Kunugimoto, who estimated the shares may reach 4,300 yen within the next 12 months. Honda’s U.S. sales are looking favorable, and earnings may increase, Kunugimoto wrote in a Jan. 21 report.

Toyota Motor Corp., the world’s largest carmaker, gained 1.3 percent to 3,415 yen. Nissan Motor Co., the third-biggest automaker in Japan, climbed 0.7 percent to 830 yen.

“Earnings in the U.S. are improving,” said Kazuhiro Takahashi, a general manager at Tokyo-based Daiwa Securities Capital Markets Co. In Japan, “there are expectations that domestic companies will also post good results.”

Elpida rose 5.1 percent to 1,134 yen. Goldman Sachs increased its investment rating to “buy” from “neutral” and boosted its share-price estimate to 1,350 yen from 950 yen.

Yaskawa Electric Corp., a Japanese machinery maker, jumped 4.5 percent to 867 yen. The company turned to a nine-month net income of 4.32 billion yen from a year-earlier loss on a 41 percent surge in sales.

Banks Decline
Fuji Heavy Industries Ltd., the maker of Subaru-brand cars, advanced 1.3 percent to 690 yen. The company’s operating profit for the fiscal year to March 31 will likely triple to about 80 billion yen, the Nikkei newspaper reported. That compares with the company’s earlier forecast of 70 billion yen, Nikkei said.

The Topix Banks Index fell 0.4 percent today, the biggest decline among the Topix’s industry groups.

Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, dropped 0.5 percent to 441 yen. Mizuho Financial Group Inc., the No. 3, declined 1.2 percent to 164 yen.

Tokyo Tomin Bank tumbled 6.1 percent to 1,168 yen. JPMorgan Chase & Co. cut its investment rating on the stock to “underweight” from “neutral.”

The Topix bank index rose 2.7 percent this year through Jan. 21, double the broader Topix index’s 1.3 percent gain in the same period. The bank sub-group’s relative-strength index, a measure of price momentum, was at 71.27 on Jan. 19, above the 70 threshold that some traders use as an indicator to sell.

“Bank shares have been on a steady climb, so now people are cautious about the price and want to capture their earnings,” said Hideyuki Ishiguro, assistant manager at the investment strategy department at Okasan Securities Co. in Tokyo.

-- With assistance from Kotaro Tsunetomi. Editors: Sam Waite, John McCluskey.

Source;
http://www.businessweek.com/news/2011-01-24/japanese-stocks-advance-led-by-honda-on-earnings-confidence.html

Honda launches new Green Purchasing Guide

Honda has launched a new global purchasing policy to better track environmental impacts in their life cycles.

Online PR News – 18-January-2011 –Honda Motor Co will start evaluating its supplier’s environmental aspects under the newest revision of its Green Purchasing Guidelines, which lay out purchasing policies for the company to follow all around the world.

The Green Purchasing Guidelines were first developed in 2001, with the latest changes made to better track the carbon emissions and the environmental impacts of other products further back in their life cycles, beyond primary suppliers.

In addition to being evaluated on quality, cost, delivery and development, suppliers will also be evaluated in an environment category, which not only apply to suppliers in Japan. The Green Purchasing Guidelines are being applied to all parts and materials suppliers in the world.

While the Green Purchasing Guidelines previously were focused on managing environmental impacts during production, they are now intended to cover all corporate activities. And along with aimed at managing chemical use, they are also supposed to be used to improve Honda vehicle fuel efficiency.

Source;
http://www.onlineprnews.com/news/98711-1295349342-honda-launches-new-green-purchasing-guide.html

Watch the All-New Honda Electric Vehicle Concept Debut Live from the 2010 Los Angeles Auto Show

For those who cannot attend the Los Angeles Auto Show in person, Honda will unveil an all-new electric vehicle concept live via webcast at http://hondanews.com/live/2010-losangeles
on November 17th at 1:20 PM, PST. Keynote presenters at the press conference will be Takanobu Ito, Honda Motor Co., Ltd. President and CEO and John Mendel, American Honda Motor Co., Inc., executive vice president.

For additional information on Honda's announcements at the 2010 Los Angeles Auto Show, please visit http://hondanews.com/live/2010-losangeles.

Honda Raises Yearly Outlook

While cross-country rival Toyota may be slashing its production forecast, Honda has announced that it has raised its full-year financial outlook. Honda’s fiscal year ends March 31st.

Honda announced on Friday that it has upped its annual profit forecast to $6.2 billion, a significant increase over its previous goal of $5.65 billion. Honda says its year end sales may total as much as $111 billion.

Although the strong value of the yen has hurt Honda’s earnings, better than expected sales in the Asia region have helped alleviate losses associated with the poor exchange rate. Honda’s motorcycle division has also been performing well.

“Honda is solidly increasing its profitability, and the motorcycle unit is also supporting the business,” said Tadashi Usui, an analyst at Moody’s Investors Service in Tokyo. “Compared with Toyota, Honda is more economical with its capital investments, so we can be confident about its finances from a fixed-cost perspective.”

Despite the positive news, Honda expects a weaker second half to its fiscal year. Honda is calling for a $1.14 billion profit during the final six months of the year, compared to profits of $5.05 billion during the first half.

References1.’Honda raises annual…’ view

Source;
http://www.leftlanenews.com/honda-raises-yearly-outlook.html