honda motor co ltd

Honda Motor Co. Ltd, commonly referred to as Honda, is a Japanese multinational corporation primarily known for manufacturing automobiles and motorcycles. Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company has grown into one of the largest automotive manufacturers in Japan and around the world.

In addition to its core automobile and motorcycle businesses, Honda also produces power products such as lawn mowers, generators, marine engines, outboard motors, ATVs (all-terrain vehicles), scooters and personal watercrafts; aircraft; robots; chemical products such as lubricants; sports equipment like golf clubs; industrial engine parts like pistons or cylinder heads for use by other companies. The company’s line of luxury cars are marketed under their subsidiary brand Acura which was created specifically for that purpose in 1985. As well as being an acclaimed car manufacturer they have proven themselves successful within Formula One racing where they compete with Mercedes Benz Grand Prix Limited since 2015 achieving great success over recent years .

The company’s current president Takahiro Hachigo took up his position on June 23rd 2015 after he replaced Takanobu Ito who held this role from 2009 until then following his predecessor Hiroyuki Yoshino who had been president since 2000 when Nobuhiko Kawamoto retired due to illness causing him to step down prematurely making space for Yoshino at what became a crucial time during transition between traditional combustion engine systems towards hybrid technology becoming more prevalent amongst modern vehicle design today .

Despite its many successes there have been some issues faced throughout it’s history most notably ‘the great honda recall scandal’ involving reports of faulty brakes across multiple models from 2002 – 2006 resulting in the recall of 1 million vehicles worldwide costing them an estimated $1 billion whilst having significant effect on their reputation , sales & stock price however despite this issue these losses were insignificant compared to those suffered shortly afterwards during 2008/09 global financial crisis forcing them lay off thousands employees temporarily cutting production drastically alongside pay cuts internally leading ultimately announcement closure plant Swindon UK 2010 prompting much debate though domestically public opinion remains largely unaffected considering strong bond shared between local population whom value cultural heritage closely rooted deep nations past along countless contributions made both socially economically over generations allowing us now enjoy lifestyles we do without need worry daily basis trivial matters often taken granted just how important factors mentioned earlier really are our lives even if doesn’t seem way times relationships built decades still stand test show resilience trust come expect industry leader such stature testament longevity values upon founded remain crux ethos moving forward future no doubt continue innovate strive excellence create exciting developments coming years ensure remain top list preferred choices customers present day all aspects life ever changing things never stay same long period sure ‘hondamentalism’ here while yet exist bring people together betterment society whole