Final pricing announced for Japan's new petrol-electric family hacth
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Honda Motor said on Monday it currently sees no serious buyer for its Formula One team though a management buy-out offer was reportedly once on the table.
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Honda, like Toyota, plans to have a new president from June.
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Although there were reports last week that currency and other factors had added £1,000 or so to the prices, Honda UK has nonetheless managed to pitch its new entry-level Insight hybrid SE GBP2,380 under Toyota's Prius at GBP15,490. How Toyota, with a redesigned Prius waiting in the wings will respond, remains to be seen.
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Takanobu Ito, newly named as the next president and CEO of Honda Motor Co., will redouble the company's focus on research as it grapples with a global market meltdown.
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Takanobu Ito, head of global automotive operations at Honda Motor Co., has been tapped as the carmaker's next president and CEO starting in June as the company grapples with global sales declines and a strong yen.
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Honda is yet to find a "serious buyer" for its formula one team, the Japanese carmaker's outgoing chief executive Takeo Fukui told a news conference on Monday.
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Honda is yet to find a "serious buyer" for its formula one team, the Japanese carmaker's outgoing chief executive Takeo Fukui told a news conference on Monday.
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Honda team bosses turned down Bernie Ecclestone's financial help for their attempted management buyout.
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Suzuka is on track to returning to the calendar this year, despite the withdrawal from formula one as a competitor of the circuit's owner Honda.
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Sir Richard Branson has admitted interest in bringing the Virgin brand to formula one, but suggested he will only buy the Honda team if some of the sport's "faults" are mended.
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Suzuka is on track to returning to the calendar this year, despite the withdrawal from formula one as a competitor of the circuit's owner Honda.
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Sir Richard Branson has admitted interest in bringing the Virgin brand to formula one, but suggested he will only buy the Honda team if some of the sport's "faults" are mended.
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Honda will price its new Insight gasoline-electric car at 19,900 euros in Italy. Italian buyers can buy the five-door hatchback for as little as 14,900 euros if they take advantage of the government's incentives schemes.
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Last year, former Champ Car teams were immediately competitive on road and street circuits but were having much more problems on ovals due in part to their lack of knowledge of the Dallara-Honda but also due to the lack of experience of some of the drivers.
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Last year, former Champ Car teams were immediately competitive on road and street circuits but were having much more problems on ovals due in part to their lack of knowledge of the Dallara-Honda but also due to the lack of experience of some of the drivers.
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Only a few days remain for the Brackley based formula one team to survive the shock withdrawal of the Japanese manufacturer Honda.
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Formula 1 commercial boss Bernie Ecclestone made it clear on Thursday he was barracking for a Virgin victory as the Honda team sale saga enters its final days.
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Formula 1 commercial boss Bernie Ecclestone made it clear on Thursday he was barracking for a Virgin victory as the Honda team sale saga enters its final days.
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Honda has said that total worldwide sales of its hybrid cars since November 1999 have reached 300,000 units.
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