Honda Cars India has unveiled a teaser image of the upcoming third-generation Amaze sedan which is targeted at young buyers and modern families. The all-new Amaze is expected to offer a bold design along with cutting-edge technology to meet the lifestyle and aspirations of today’s dynamic generation. The teaser image reveals the front silhouette of the new Amaze, showing its sleek LED headlights and the Honda logo in the centre. It also gets LED daytime running lights at the top of the headlamp that seamlessly merges into the grille, which has a hexagonal shape and a honeycomb pattern

Honda first introduced the Amaze in India in 2013 and the second generation model was introduced in 2018. The latest iteration will mark an update after six years. The model has been popular among entry level sedan buyers thanks to its beauty, comfort, performance, safety features, and pack value; which makes it an ideal option for those starting new journeys.

Takuya Tsumura, President &amp; CEO of Honda Cars India Ltd, commented on the teaser release, stating, “The Honda Amaze has always held a special place for us and our customers in India. As a pioneer in premium styling for entry sedans, the Amaze has set the standard for design and sophistication in its segment. With the third generation, we are excited to elevate this to the next level, providing our modern Indian customers with an enhanced premium package like never before.”

The upcoming Honda Amaze will lock horns with the new upcoming Maruti Dzire that is slated for a November 11 launch. Apart from the Dzire, the model will compete against Hyundai Aura. It will also be pitted against various similarly priced compact SUVs and sub-compact models such as the Tata Punch and Hyundai Exter, among others.&nbsp;

 
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Honda Cars India has unveiled a teaser image of the upcoming third-generation Amaze sedan which is targeted at young buyers and modern families. The all-new Amaze is expected to offer a bold design along with cutting-edge technology to meet the lifestyle and aspirations of today’s dynamic generation.

Honda Cars India has unveiled a teaser image of the upcoming third-generation Amaze sedan which is targeted at young buyers and modern families. The all-new Amaze is expected to offer a bold design along with cutting-edge technology to meet the lifestyle and aspirations of today’s dynamic generation. The teaser image reveals the front silhouette of the new Amaze, showing its sleek LED headlights and the Honda logo in the centre. It also gets LED daytime running lights at the top of the headlamp that seamlessly merges into the grille, which has a hexagonal shape and a honeycomb pattern Honda first introduced the Amaze in India in 2013 and the second generation model was introduced in 2018. The latest iteration will mark an update after six years. The model has been popular among entry level sedan buyers thanks to its beauty, comfort, performance, safety features, and pack value; which makes it an ideal option for those starting new journeys. Takuya Tsumura, President & CEO of Honda Cars India Ltd, commented on the teaser release, stating, “The Honda Amaze has always held a special place for us and our customers in India. As a pioneer in premium styling for entry sedans, the Amaze has set the standard for design and sophistication in its segment. With the third generation, we are excited to elevate this to the next level, providing our modern Indian customers with an enhanced premium package like never before.” The upcoming Honda Amaze will lock horns with the new upcoming Maruti Dzire that is slated for a November 11 launch. Apart from the Dzire, the model will compete against Hyundai Aura. It will also be pitted against various similarly priced compact SUVs and sub-compact models such as the Tata Punch and Hyundai Exter, among others.

Honda Cars India teases third-generation Amaze sedan ahead of launch

Honda is recalling about 780,000 vehicles in North America out of concern that a defect in the high-pressure fuel pump could cause a fuel leak. Models including the Accord, CR-V Hybrid, and Honda Civic from model years 2023 to 2025 are included in the recall announced by the automaker.

Approximately 720,000 vehicles in the United States and about 61,000 in Canada are being recalled. Honda told the US National Highway Traffic Safety Administration (NHTSA) that a fuel leak, in the presence of an ignition source, increases the risk of fire.

Honda said the cause is a defective core in the high pressure fuel pump, which can develop cracks over time. During vehicle operation, these cracks can worsen and cause fuel leaks or a noticeable fuel odor while idling or driving. Around 145 warranty claims have been received related to this problem, but no injuries have been reported.

To deal with the problem, Honda will ask its dealers to examine the vehicles and overhaul the high pressure fuel pump if it's necessary. Honda began halting shipments of the impacted models in September, after identifying the presence of a fuel leak and odor.

As part of this commitment to safety, Honda is advising owners to check whether their vehicles had been affected by the recall, and to contact their dealer for further instructions. Proactive approach of the automaker is aimed to reduce any possible risks arising from this fuel pump defect in order to protect customer safety and confidence in its vehicles.

The fact that this recall continues to highlight the significance of not only vehicle safety, but also manufacturer accountability for the ultimate prevention of any potential defect becoming a more serious matter on the road is a reminder. Honda's response signals that it's remained steadfast in setting high safety standards and reacting quickly to consumer issues.

Honda is recalling about 780,000 vehicles in North America out of concern that a defect in the high-pressure fuel pump could cause a fuel leak. Models including the Accord, CR-V Hybrid, and Honda Civic from model years 2023 to 2025 are included in the recall announced by the automaker.

Honda is recalling about 780,000 vehicles in North America out of concern that a defect in the high-pressure fuel pump could cause a fuel leak. Models including the Accord, CR-V Hybrid, and Honda Civic from model years 2023 to 2025 are included in the recall announced by the automaker. Approximately 720,000 vehicles in the United States and about 61,000 in Canada are being recalled. Honda told the US National Highway Traffic Safety Administration (NHTSA) that a fuel leak, in the presence of an ignition source, increases the risk of fire. Honda said the cause is a defective core in the high pressure fuel pump, which can develop cracks over time. During vehicle operation, these cracks can worsen and cause fuel leaks or a noticeable fuel odor while idling or driving. Around 145 warranty claims have been received related to this problem, but no injuries have been reported. To deal with the problem, Honda will ask its dealers to examine the vehicles and overhaul the high pressure fuel pump if it's necessary. Honda began halting shipments of the impacted models in September, after identifying the presence of a fuel leak and odor. As part of this commitment to safety, Honda is advising owners to check whether their vehicles had been affected by the recall, and to contact their dealer for further instructions. Proactive approach of the automaker is aimed to reduce any possible risks arising from this fuel pump defect in order to protect customer safety and confidence in its vehicles. The fact that this recall continues to highlight the significance of not only vehicle safety, but also manufacturer accountability for the ultimate prevention of any potential defect becoming a more serious matter on the road is a reminder. Honda's response signals that it's remained steadfast in setting high safety standards and reacting quickly to consumer issues.

Honda issues recall for 780,000 vehicles in North America due to fuel pump concerns

Honda Motor Co. has said that the North American recall of approximately 2 million cars and SUVs includes one with a steering defect that can interfere with driver control and render cars more prone to accidents. The recall affects a population of models from the 2022 to production years including important vehicles like the Honda Civic, Civic Type R, CR-V, HR-V, Acura Integra, Integra Type S. It revealed that since 2021 it's received 10,328 warranty claims over this problem.

A total of 1.7 million of these total vehicles are in the US, 240,000 in Canada and 58,000 in Mexico. That investigation, which began in March 2023 and was escalated by the National Highway Traffic Safety Administration (NHTSA) in November, led to this recall.

A potentially defective steering gearbox assembly that wasn’t properly manufactured may be at the root of the issue. As a consequence, this can cause undue internal friction, which can make steering very difficult, adding to undershoots, noisy engines, and increased work needed to manipulate the vehicle.&nbsp;

The problem most frequently has been described as a 'sticky steering,' which drivers say usually doesn’t manifest until they get well past halfway through an extended driving period. The NHTSA said the problem seems to occur with a part that swells in heat and moisture, compounded by a misconfigured spring, which worsens friction between parts.

Honda dealers will replace the faulty gear spring with a more solid part and, if need be, add further lubrication. By mid November, Honda will reach out to affected vehicle owners and inform them of needed repairs to help ensure vehicle safety.

Honda Motor Co. has said that the North American recall of approximately 2 million cars and SUVs includes one with a steering defect that can interfere with driver control and render cars more prone to accidents.

Honda Motor Co. has said that the North American recall of approximately 2 million cars and SUVs includes one with a steering defect that can interfere with driver control and render cars more prone to accidents. The recall affects a population of models from the 2022 to production years including important vehicles like the Honda Civic, Civic Type R, CR-V, HR-V, Acura Integra, Integra Type S. It revealed that since 2021 it's received 10,328 warranty claims over this problem. A total of 1.7 million of these total vehicles are in the US, 240,000 in Canada and 58,000 in Mexico. That investigation, which began in March 2023 and was escalated by the National Highway Traffic Safety Administration (NHTSA) in November, led to this recall. A potentially defective steering gearbox assembly that wasn’t properly manufactured may be at the root of the issue. As a consequence, this can cause undue internal friction, which can make steering very difficult, adding to undershoots, noisy engines, and increased work needed to manipulate the vehicle. The problem most frequently has been described as a 'sticky steering,' which drivers say usually doesn’t manifest until they get well past halfway through an extended driving period. The NHTSA said the problem seems to occur with a part that swells in heat and moisture, compounded by a misconfigured spring, which worsens friction between parts. Honda dealers will replace the faulty gear spring with a more solid part and, if need be, add further lubrication. By mid November, Honda will reach out to affected vehicle owners and inform them of needed repairs to help ensure vehicle safety.

Honda recalls 2 million vehicles over steering concerns

Honda is the second-largest two-wheeler manufacturer in India and it boasts an extensive lineup of scooters and motorcycles in its product portfolio. Recently, the company made a subtle yet significant change by removing the X-Blade model from its official Indian website. This quiet de-listing has led to speculation that Honda may have permanently discontinued this sporty commuter bike from its lineup.

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With the apparent removal of the X-Blade, Honda's 160cc motorcycle offerings have been reduced to two models: the Unicorn and the SP160. All three bikes shared the same fundamental architecture and powertrain, though with slight variations in power output. The decision to discontinue the X-Blade, while not officially confirmed, is not entirely unexpected given the model's historically underwhelming sales performance in the Indian market.

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The X-Blade, during its time in the market, was available in four distinct colour options: Matte Marvel Blue Metallic, Matte Steel Black Metallic, Strontium Silver Metallic, and Sports Red. It featured a design language that Honda described as futuristic, characterised by a robotic face, sharp body panels, and a distinctive X-shaped taillight. In terms of features, the X-Blade was equipped with a fully digital instrument console, LED headlamp and taillamp, an engine start/stop switch, and a hazard switch, positioning it as a modern offering in its segment.

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The suspension setup of the X-Blade consisted of twin telescopic forks at the front and a monoshock at the rear, providing a balance of comfort and handling. The braking system featured a 276mm petal disc at the front, complemented by single-channel ABS, while the rear utilised a 130mm drum brake. For riders seeking enhanced stopping power, Honda also offered an optional rear disc brake. The motorcycle rode on 17-inch 5-spoke alloy wheels, fitted with an 80/100-17 section tyre at the front and a wider 130/70-17 section tyre at the rear.

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At the heart of the X-Blade was a 163cc air-cooled, single-cylinder engine. This power plant was capable of producing 13.5 bhp at 8000 rpm and a peak torque of 14.7 Nm at 5500 rpm. Power transmission was handled by a 5-speed gearbox, providing a good balance between performance and fuel efficiency for urban and highway riding.

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In the highly competitive Indian motorcycle market, the X-Blade faced stiff competition not only from its siblings in Honda's lineup but also from other manufacturers' offerings in the 160cc segment. Its primary rivals included popular models such as the Yamaha FZ S, Suzuki Gixxer, TVS Apache RTR 160, and the Bajaj Pulsar N160. Each of these competitors brought their unique strengths to the table, making the 160cc category one of the most hotly contested in the Indian two-wheeler market.

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The apparent discontinuation of the X-Blade reflects the dynamic nature of the Indian motorcycle market, where manufacturers must continuously evaluate and adjust their product portfolios to meet changing consumer preferences and maintain competitiveness. While Honda has not made an official statement regarding the X-Blade's status, its removal from the company's website suggests a strategic decision to streamline the 160cc offerings and focus on models with stronger market performance. &nbsp;

Honda is the second-largest two-wheeler manufacturer in India and it boasts an extensive lineup of scooters and motorcycles in its product portfolio. Recently, the company made a subtle yet significant change by removing the X-Blade model from its official Indian website.

Honda is the second-largest two-wheeler manufacturer in India and it boasts an extensive lineup of scooters and motorcycles in its product portfolio. Recently, the company made a subtle yet significant change by removing the X-Blade model from its official Indian website. This quiet de-listing has led to speculation that Honda may have permanently discontinued this sporty commuter bike from its lineup. With the apparent removal of the X-Blade, Honda's 160cc motorcycle offerings have been reduced to two models: the Unicorn and the SP160. All three bikes shared the same fundamental architecture and powertrain, though with slight variations in power output. The decision to discontinue the X-Blade, while not officially confirmed, is not entirely unexpected given the model's historically underwhelming sales performance in the Indian market. The X-Blade, during its time in the market, was available in four distinct colour options: Matte Marvel Blue Metallic, Matte Steel Black Metallic, Strontium Silver Metallic, and Sports Red. It featured a design language that Honda described as futuristic, characterised by a robotic face, sharp body panels, and a distinctive X-shaped taillight. In terms of features, the X-Blade was equipped with a fully digital instrument console, LED headlamp and taillamp, an engine start/stop switch, and a hazard switch, positioning it as a modern offering in its segment. The suspension setup of the X-Blade consisted of twin telescopic forks at the front and a monoshock at the rear, providing a balance of comfort and handling. The braking system featured a 276mm petal disc at the front, complemented by single-channel ABS, while the rear utilised a 130mm drum brake. For riders seeking enhanced stopping power, Honda also offered an optional rear disc brake. The motorcycle rode on 17-inch 5-spoke alloy wheels, fitted with an 80/100-17 section tyre at the front and a wider 130/70-17 section tyre at the rear. At the heart of the X-Blade was a 163cc air-cooled, single-cylinder engine. This power plant was capable of producing 13.5 bhp at 8000 rpm and a peak torque of 14.7 Nm at 5500 rpm. Power transmission was handled by a 5-speed gearbox, providing a good balance between performance and fuel efficiency for urban and highway riding. In the highly competitive Indian motorcycle market, the X-Blade faced stiff competition not only from its siblings in Honda's lineup but also from other manufacturers' offerings in the 160cc segment. Its primary rivals included popular models such as the Yamaha FZ S, Suzuki Gixxer, TVS Apache RTR 160, and the Bajaj Pulsar N160. Each of these competitors brought their unique strengths to the table, making the 160cc category one of the most hotly contested in the Indian two-wheeler market. The apparent discontinuation of the X-Blade reflects the dynamic nature of the Indian motorcycle market, where manufacturers must continuously evaluate and adjust their product portfolios to meet changing consumer preferences and maintain competitiveness. While Honda has not made an official statement regarding the X-Blade's status, its removal from the company's website suggests a strategic decision to streamline the 160cc offerings and focus on models with stronger market performance.

Honda X-Blade silently removed from website, models discontinued

All 10 Formula One teams respected the cost cap on their chassis-manufacturing in 2023, although engine manufacturers Alpine and Honda both breached procedural regulations, the sport's governing body, the FIA, announced Wednesday.

"The review of the reporting documentation was a thorough and intensive process spanning five months with all F1 teams and all PU (power unit) manufacturers giving their full support in providing the required information," FIA said.

Also Read:&nbsp;<a href="https://www.wionews.com/football/fifa-world-cup-2026-qualifiers-chinas-hopes-take-a-dent-after-loss-vs-saudi-arabia-757561">FIFA World Cup 2026 Qualifiers: China's hopes take a dent after loss vs Saudi Arabia</a>

The body's Cost Cap Administration (CCA) noted "all F1 teams and all PU manufacturers acted at all times in a spirit of good faith and cooperation throughout the process".

While all 10 F1 teams were found in compliance for 2023, there were unspecified breaches for two of the four engine manufacturers: Alpine and Honda, who supplied AlphaTauri and world champions Red Bull.

The CCA said "although Alpine Racing SAS and HRC (Honda) have both been found to be in procedural breach, neither have exceeded the cost cap level".

"Both Alpine Racing SAS and HRC have acted at all times in good faith and are currently cooperating with the CCA to finalise the matter."

The cost cap came into effect after the 2021 season and was set at $140.4 million for 2023.&nbsp;

It is intended to limit spending to make the sport viable and also to close the competitive gap between big and small teams.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

All 10 Formula One teams respected the cost cap on their chassis-manufacturing in 2023, although engine manufacturers Alpine and Honda both breached procedural regulations, the sport's governing body, the FIA, announced Wednesday.

All 10 Formula One teams respected the cost cap on their chassis-manufacturing in 2023, although engine manufacturers Alpine and Honda both breached procedural regulations, the sport's governing body, the FIA, announced Wednesday. "The review of the reporting documentation was a thorough and intensive process spanning five months with all F1 teams and all PU (power unit) manufacturers giving their full support in providing the required information," FIA said. Also Read: FIFA World Cup 2026 Qualifiers: China's hopes take a dent after loss vs Saudi Arabia The body's Cost Cap Administration (CCA) noted "all F1 teams and all PU manufacturers acted at all times in a spirit of good faith and cooperation throughout the process". While all 10 F1 teams were found in compliance for 2023, there were unspecified breaches for two of the four engine manufacturers: Alpine and Honda, who supplied AlphaTauri and world champions Red Bull. The CCA said "although Alpine Racing SAS and HRC (Honda) have both been found to be in procedural breach, neither have exceeded the cost cap level". "Both Alpine Racing SAS and HRC have acted at all times in good faith and are currently cooperating with the CCA to finalise the matter." The cost cap came into effect after the 2021 season and was set at $140.4 million for 2023. It is intended to limit spending to make the sport viable and also to close the competitive gap between big and small teams. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Formula 1 engine makers Honda and Alpine breach cost cap, announces FIA

Japanese automakers Honda Motor and Nissan Motor are spearheading efforts to establish supply chains for recycled plastic in the automotive industry, according to information obtained by Nikkei. This initiative is driven by the dual goals of enhancing vehicle sustainability and preparing for anticipated European regulations.

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Plastic plays a crucial role in automobile manufacturing, being utilized in various components such as bumpers and interior parts. The European Commission proposed in 2023 that at least 25 per cent of the plastic used in new vehicles should be recycled. This regulation could come into full effect as early as 2031, potentially barring non-compliant vehicles from being sold in the European Union.

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Currently, the automotive sector's use of recycled plastic is relatively low. According to 2022 data from the Tokyo-based Plastic Waste Management Institute, auto parts accounted for only about 3 per cent of all plastic recycled into new products in Japan. The time-consuming process of sorting plastic pieces from scrapped vehicles has been a significant barrier to increased recycling in the automotive industry.

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Honda is taking a proactive approach by aiming to establish a recycled plastic supply chain by around 2040. The company plans to collaborate with chemical manufacturers and recycling companies to achieve this goal. As part of this strategy, Honda intends to reduce the types of plastic used in new cars by approximately 60 per cent, limiting it to six or seven types. This reduction will simplify the sorting process at recycling facilities. For context, Honda's first mass-produced electric vehicle, the Honda-e, utilised around 25 different types of plastic.

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To ensure the quality of recycled plastic meets automotive standards, Honda will work with Mitsubishi Chemical Group and Toray Industries. These partnerships aim to develop and commercialise technologies that can improve recycled plastic quality to match that of existing products, addressing concerns about impurities affecting material strength.

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Nissan is also making strides in this area, partnering with Renault to launch an initiative for recycling plastic from scrapped electric vehicles. This recycled material will be used in new vehicles assembled in Europe. Nissan is considering investing in a Renault recycling unit, with details such as investment size yet to be determined.

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Toyota Motor has set an ambitious target of having recycled plastic constitute 30 per cent&nbsp;or more of the plastic used in new vehicles manufactured in Japan and Europe by 2030, measured by weight. The company has already incorporated recycled materials in some of its models. For instance, the Land Cruiser 250 series SUVs feature seats made from plastic bottles collected in-house, while the European version of the C-HR small SUV has roughly doubled its use of recycled plastic compared to its predecessor.

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Subaru has also joined this trend, aiming for recycled materials to make up at least 25 per cent of the plastic used in new in-house models sold worldwide by 2030.

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However, the adoption of recycled plastic in auto parts faces a significant challenge in the form of higher costs. Recycled plastic is generally estimated to be between 50 per cent more expensive to triple the cost of conventional plastic. A substantial increase in recycled plastic usage could potentially impact automakers' profitability.

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To support this industry-wide effort, the Japanese government plans to launch a public-private entity as early as September. Coordinated by the Environment Ministry, this group is expected to include about 10 organisations, such as the Japan Automobile Manufacturers Association and the Plastic Waste Management Institute. This entity will facilitate cooperation on various aspects of recycled plastic supply, with the ministry considering providing necessary investments.

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The push towards increased use of recycled plastic is not limited to Japanese automakers. European brands like Mercedes-Benz and BMW are also moving in this direction, driven by the anticipated tightening of regulations in Europe. According to data from the India-based research company Markets and Markets, the market for recycled materials in the automotive industry, including plastic, is projected to grow by about 60 per cent from its 2022 level, reaching USD 3.9 billion by 2027.

&nbsp;

This comprehensive shift towards recycled plastic in the automotive industry reflects a growing awareness of environmental concerns and regulatory pressures, potentially reshaping supply chains and manufacturing processes in the coming years.&nbsp;

Japanese automakers Honda Motor and Nissan Motor are spearheading efforts to establish supply chains for recycled plastic in the automotive industry, according to information obtained by Nikkei.

Japanese automakers Honda Motor and Nissan Motor are spearheading efforts to establish supply chains for recycled plastic in the automotive industry, according to information obtained by Nikkei. This initiative is driven by the dual goals of enhancing vehicle sustainability and preparing for anticipated European regulations. Plastic plays a crucial role in automobile manufacturing, being utilized in various components such as bumpers and interior parts. The European Commission proposed in 2023 that at least 25 per cent of the plastic used in new vehicles should be recycled. This regulation could come into full effect as early as 2031, potentially barring non-compliant vehicles from being sold in the European Union. Currently, the automotive sector's use of recycled plastic is relatively low. According to 2022 data from the Tokyo-based Plastic Waste Management Institute, auto parts accounted for only about 3 per cent of all plastic recycled into new products in Japan. The time-consuming process of sorting plastic pieces from scrapped vehicles has been a significant barrier to increased recycling in the automotive industry. Honda is taking a proactive approach by aiming to establish a recycled plastic supply chain by around 2040. The company plans to collaborate with chemical manufacturers and recycling companies to achieve this goal. As part of this strategy, Honda intends to reduce the types of plastic used in new cars by approximately 60 per cent, limiting it to six or seven types. This reduction will simplify the sorting process at recycling facilities. For context, Honda's first mass-produced electric vehicle, the Honda-e, utilised around 25 different types of plastic. To ensure the quality of recycled plastic meets automotive standards, Honda will work with Mitsubishi Chemical Group and Toray Industries. These partnerships aim to develop and commercialise technologies that can improve recycled plastic quality to match that of existing products, addressing concerns about impurities affecting material strength. Nissan is also making strides in this area, partnering with Renault to launch an initiative for recycling plastic from scrapped electric vehicles. This recycled material will be used in new vehicles assembled in Europe. Nissan is considering investing in a Renault recycling unit, with details such as investment size yet to be determined. Toyota Motor has set an ambitious target of having recycled plastic constitute 30 per cent or more of the plastic used in new vehicles manufactured in Japan and Europe by 2030, measured by weight. The company has already incorporated recycled materials in some of its models. For instance, the Land Cruiser 250 series SUVs feature seats made from plastic bottles collected in-house, while the European version of the C-HR small SUV has roughly doubled its use of recycled plastic compared to its predecessor. Subaru has also joined this trend, aiming for recycled materials to make up at least 25 per cent of the plastic used in new in-house models sold worldwide by 2030. However, the adoption of recycled plastic in auto parts faces a significant challenge in the form of higher costs. Recycled plastic is generally estimated to be between 50 per cent more expensive to triple the cost of conventional plastic. A substantial increase in recycled plastic usage could potentially impact automakers' profitability. To support this industry-wide effort, the Japanese government plans to launch a public-private entity as early as September. Coordinated by the Environment Ministry, this group is expected to include about 10 organisations, such as the Japan Automobile Manufacturers Association and the Plastic Waste Management Institute. This entity will facilitate cooperation on various aspects of recycled plastic supply, with the ministry considering providing necessary investments. The push towards increased use of recycled plastic is not limited to Japanese automakers. European brands like Mercedes-Benz and BMW are also moving in this direction, driven by the anticipated tightening of regulations in Europe. According to data from the India-based research company Markets and Markets, the market for recycled materials in the automotive industry, including plastic, is projected to grow by about 60 per cent from its 2022 level, reaching USD 3.9 billion by 2027. This comprehensive shift towards recycled plastic in the automotive industry reflects a growing awareness of environmental concerns and regulatory pressures, potentially reshaping supply chains and manufacturing processes in the coming years.

Japanese automakers to utilise recycled plastic to manufacture new models

Honda Motor Co., Ltd., Japan's second-largest automobile manufacturer, is poised to announce a robust consolidated operating profit for the first quarter of its fiscal year, according to a report published by the Nikkei newspaper on Monday. The company's operating profit is expected to exceed 450 billion yen, equivalent to approximately USD 3.17 billion at current exchange rates.

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This impressive financial performance is primarily attributed to the strong sales of Honda's hybrid vehicles in the United States market. Hybrid vehicles, which combine traditional internal combustion engines with electric propulsion systems, have been gaining popularity among American consumers due to their fuel efficiency and reduced environmental impact.

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The reported figure represents a significant milestone for Honda, reflecting the company's successful strategy in the competitive automotive market, particularly in the growing segment of electrified vehicles. It also underscores the importance of the U.S. market to Honda's global operations and financial health.

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When approached for comment on the Nikkei report, Honda Motor representatives stated that they were not in a position to provide an immediate response or confirmation of the reported figures. This is standard practice for many publicly traded companies, which typically refrain from commenting on financial projections or reports ahead of official announcements.

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Investors, analysts, and industry observers will not have to wait long for official confirmation of these figures, as Honda is scheduled to release its financial results for the April-June quarter on Wednesday. This upcoming earnings report will provide a comprehensive overview of the company's performance across various markets and product segments, offering insights into Honda's operational efficiency, market strategy, and future outlook.

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The anticipated strong financial results come at a time when the global automotive industry is navigating numerous challenges, including supply chain disruptions, semiconductor shortages, and the ongoing transition towards electrification. Honda's reported success with hybrid vehicles in the U.S. market suggests that the company is effectively capitalising on the growing consumer demand for more environmentally friendly transportation options while leveraging its established reputation for reliability and innovation.

Honda Motor Co., Ltd., Japan's second-largest automobile manufacturer, is poised to announce a robust consolidated operating profit for the first quarter of its fiscal year, according to a report published by the Nikkei newspaper on Monday.

Honda Motor Co., Ltd., Japan's second-largest automobile manufacturer, is poised to announce a robust consolidated operating profit for the first quarter of its fiscal year, according to a report published by the Nikkei newspaper on Monday. The company's operating profit is expected to exceed 450 billion yen, equivalent to approximately USD 3.17 billion at current exchange rates. This impressive financial performance is primarily attributed to the strong sales of Honda's hybrid vehicles in the United States market. Hybrid vehicles, which combine traditional internal combustion engines with electric propulsion systems, have been gaining popularity among American consumers due to their fuel efficiency and reduced environmental impact. The reported figure represents a significant milestone for Honda, reflecting the company's successful strategy in the competitive automotive market, particularly in the growing segment of electrified vehicles. It also underscores the importance of the U.S. market to Honda's global operations and financial health. When approached for comment on the Nikkei report, Honda Motor representatives stated that they were not in a position to provide an immediate response or confirmation of the reported figures. This is standard practice for many publicly traded companies, which typically refrain from commenting on financial projections or reports ahead of official announcements. Investors, analysts, and industry observers will not have to wait long for official confirmation of these figures, as Honda is scheduled to release its financial results for the April-June quarter on Wednesday. This upcoming earnings report will provide a comprehensive overview of the company's performance across various markets and product segments, offering insights into Honda's operational efficiency, market strategy, and future outlook. The anticipated strong financial results come at a time when the global automotive industry is navigating numerous challenges, including supply chain disruptions, semiconductor shortages, and the ongoing transition towards electrification. Honda's reported success with hybrid vehicles in the U.S. market suggests that the company is effectively capitalising on the growing consumer demand for more environmentally friendly transportation options while leveraging its established reputation for reliability and innovation.

Honda quarterly operating profit to top USD 3 billion, says report

Shares of Mitsubishi Motors surged over 6% on Monday following reports that the automaker is in discussions to join an alliance with Nissan Motor and Honda Motor. This potential collaboration aims to standardise in-vehicle software, a strategic move that could significantly impact the future of automotive technology.

The automotive industry is undergoing a transformative shift towards electric vehicles (EVs) and advanced software platforms. In this context, standardising in-vehicle software is a critical step for automakers. By joining forces, Mitsubishi, Nissan, and Honda aim to streamline their efforts in developing cutting-edge software that controls various functions of modern cars.

Media Reports and Market Reactions

According to several media outlets, including Kyodo News and the Nikkei business newspaper, the three Japanese automakers are considering this collaboration to enhance their competitive edge. The reports suggest that the alliance will focus on standardising software used in EVs and autonomous vehicles, potentially leading to cost reductions and improved efficiency.

The news had an immediate positive impact on the stock market. Mitsubishi Motors' shares rose by 6.4% in late morning trade, reflecting investor optimism. Nissan's shares increased by 2.4%, while Honda's shares gained 2.7%, indicating a broader market belief in the benefits of such an alliance.

Previous Collaborations and Future Prospects

Earlier this year, Nissan and Honda announced that they were exploring a strategic partnership to collaborate on producing EV components and developing artificial intelligence (AI) for automotive software platforms. This announcement set the stage for potential future collaborations, with Mitsubishi now reportedly joining the discussions.

A spokesperson for each of the three companies declined to comment on the ongoing talks. However, the prospect of such an alliance aligns with the broader industry trend of automakers teaming up to share technology and development costs.

The Importance of Software Standardisation

Standardising in-vehicle software is crucial as automakers transition to EVs and autonomous driving technologies. Currently, each manufacturer develops its own proprietary software, leading to increased costs and potential compatibility issues. By standardising software, Mitsubishi, Nissan, and Honda could leverage their collective expertise to create a unified platform that benefits all parties involved.

This collaboration could lead to more seamless integration of new technologies, faster development cycles, and reduced costs. For consumers, it means potentially more reliable and advanced vehicles with improved user experiences.

Investor Sentiment and Market Implications

The rise in share prices of Mitsubishi, Nissan, and Honda following the reports indicates strong investor confidence in the potential benefits of the alliance. Investors are likely optimistic about the cost-saving opportunities and the technological advancements that could arise from such a partnership.

For Mitsubishi, joining forces with Nissan and Honda could provide a significant boost in its efforts to remain competitive in the rapidly evolving automotive market. The company's stock surge reflects market sentiment that sees this potential alliance as a positive step towards future growth and innovation.

A Step Towards the Future

The reports of Mitsubishi Motors joining an alliance with Nissan and Honda to standardise in-vehicle software highlight a strategic move in the automotive industry. As the sector shifts towards EVs and advanced software, collaborations like these are essential for staying ahead of the curve.

While the companies involved have not yet confirmed the talks, the market reaction suggests a strong belief in the potential benefits of such an alliance. For Mitsubishi, Nissan, and Honda, standardising software could pave the way for technological advancements, cost savings, and improved competitiveness in the global market.

The potential alliance between Mitsubishi, Nissan, and Honda represents a significant development in the automotive industry. By focusing on standardising in-vehicle software, these automakers are positioning themselves to better navigate the challenges and opportunities of the future. Investors and industry watchers will be keenly following any further announcements as these discussions progress.

(Inputs from Reuters)

Shares of Mitsubishi Motors surged over 6% on Monday following reports that the automaker is in discussions to join an alliance with Nissan Motor and Honda Motor.

Shares of Mitsubishi Motors surged over 6% on Monday following reports that the automaker is in discussions to join an alliance with Nissan Motor and Honda Motor. This potential collaboration aims to standardise in-vehicle software, a strategic move that could significantly impact the future of automotive technology. The automotive industry is undergoing a transformative shift towards electric vehicles (EVs) and advanced software platforms. In this context, standardising in-vehicle software is a critical step for automakers. By joining forces, Mitsubishi, Nissan, and Honda aim to streamline their efforts in developing cutting-edge software that controls various functions of modern cars. Media Reports and Market Reactions According to several media outlets, including Kyodo News and the Nikkei business newspaper, the three Japanese automakers are considering this collaboration to enhance their competitive edge. The reports suggest that the alliance will focus on standardising software used in EVs and autonomous vehicles, potentially leading to cost reductions and improved efficiency. The news had an immediate positive impact on the stock market. Mitsubishi Motors' shares rose by 6.4% in late morning trade, reflecting investor optimism. Nissan's shares increased by 2.4%, while Honda's shares gained 2.7%, indicating a broader market belief in the benefits of such an alliance. Previous Collaborations and Future Prospects Earlier this year, Nissan and Honda announced that they were exploring a strategic partnership to collaborate on producing EV components and developing artificial intelligence (AI) for automotive software platforms. This announcement set the stage for potential future collaborations, with Mitsubishi now reportedly joining the discussions. A spokesperson for each of the three companies declined to comment on the ongoing talks. However, the prospect of such an alliance aligns with the broader industry trend of automakers teaming up to share technology and development costs. The Importance of Software Standardisation Standardising in-vehicle software is crucial as automakers transition to EVs and autonomous driving technologies. Currently, each manufacturer develops its own proprietary software, leading to increased costs and potential compatibility issues. By standardising software, Mitsubishi, Nissan, and Honda could leverage their collective expertise to create a unified platform that benefits all parties involved. This collaboration could lead to more seamless integration of new technologies, faster development cycles, and reduced costs. For consumers, it means potentially more reliable and advanced vehicles with improved user experiences. Investor Sentiment and Market Implications The rise in share prices of Mitsubishi, Nissan, and Honda following the reports indicates strong investor confidence in the potential benefits of the alliance. Investors are likely optimistic about the cost-saving opportunities and the technological advancements that could arise from such a partnership. For Mitsubishi, joining forces with Nissan and Honda could provide a significant boost in its efforts to remain competitive in the rapidly evolving automotive market. The company's stock surge reflects market sentiment that sees this potential alliance as a positive step towards future growth and innovation. A Step Towards the Future The reports of Mitsubishi Motors joining an alliance with Nissan and Honda to standardise in-vehicle software highlight a strategic move in the automotive industry. As the sector shifts towards EVs and advanced software, collaborations like these are essential for staying ahead of the curve. While the companies involved have not yet confirmed the talks, the market reaction suggests a strong belief in the potential benefits of such an alliance. For Mitsubishi, Nissan, and Honda, standardising software could pave the way for technological advancements, cost savings, and improved competitiveness in the global market. The potential alliance between Mitsubishi, Nissan, and Honda represents a significant development in the automotive industry. By focusing on standardising in-vehicle software, these automakers are positioning themselves to better navigate the challenges and opportunities of the future. Investors and industry watchers will be keenly following any further announcements as these discussions progress. (Inputs from Reuters)

Mitsubishi Motors shares surge amid alliance talks with Nissan and Honda

Honda Motor, the Japanese automotive giant, has announced significant changes to its manufacturing operations in China as part of a strategic shift towards increased electric vehicle (EV) production.

Honda Motor, the Japanese automotive giant, has announced significant changes to its manufacturing operations in China as part of a strategic shift towards increased electric vehicle (EV) production. This move comes in response to intensifying competition from Chinese brands in the world's largest automotive market. The company plans to implement two major changes to its production facilities in China: 1. Closure of a joint venture plant: Honda will shut down a factory operated in partnership with Guangzhou Automobile Group (GAC), a Chinese state-owned automaker. This plant, which has been in operation for nearly 20 years and has an annual production capacity of 50,000 vehicles, primarily manufactures the Accord sedan model. The closure is scheduled for October. 2. Production halt at another facility: Honda will suspend vehicle production at a separate factory operated through its joint venture with Dongfeng, another Chinese automaker. This facility, with an annual production capacity of 240,000 vehicles, will cease operations in November. These changes are part of Honda's efforts to optimise its output in China, acknowledging the challenging conditions in the Chinese automotive market. As a result of these production stoppages, Honda's annual production capacity in China will decrease from 1.49 million to 1.2 million vehicles. However, Honda has plans to offset this reduction and adapt to the changing market dynamics: 1. New EV plants: The company is currently constructing two new electric vehicle production facilities through its joint ventures with GAC and Dongfeng. These plants are expected to commence operations later this year. 2. Capacity restoration: Once the new EV plants are operational, Honda aims to bring its annual production capacity back up to 1.44 million vehicles, demonstrating its commitment to the Chinese market despite the current challenges. This strategic shift comes in response to the rapidly evolving Chinese automotive landscape. Domestic Chinese automakers have made significant progress in capturing market share by offering competitively priced vehicles loaded with advanced software features. This trend has particularly impacted Japanese brands like Honda and Nissan, for whom China was historically a strong market. The challenges faced by Japanese automakers in China have led to discussions of potential collaborations. In March, Honda and Nissan announced that they were considering a strategic partnership to cooperate on the production of EV components and the development of artificial intelligence for automotive software platforms. These developments underscore the broader shifts occurring in the global automotive industry, with a growing emphasis on electric vehicles and advanced technologies. As traditional automakers like Honda adapt their strategies to remain competitive, the landscape of vehicle production and market dynamics in China and beyond continues to evolve rapidly. The news of Honda's production capacity reduction in China was initially reported by the Nikkei Business Daily, highlighting the significance of these changes for both the company and the broader automotive industry.

Japan's Honda to close China plant, stop production at second factory

Honda Motor has unveiled plans to restructure its manufacturing operations in Thailand. The Japanese automaker announced on Tuesday that it will halt vehicle production at its Ayutthaya province factory by 2025, consolidating its output at the more modern Prachinburi plant.

This decision comes as Honda faces increasing pressure in the Thai market, where aggressive competition from Chinese brands and growing consumer demand for electric vehicles (EVs) are reshaping the industry. The Ayutthaya plant, which has been operational since 1996, will transition to producing car parts once vehicle manufacturing ceases next year.

The consolidation effort aims to optimise Honda's production capacity in Thailand, addressing the significant gap between vehicle production and sales that the company has experienced in recent years. Honda's combined production at its two Thai plants has seen a substantial decline, dropping from 228,000 vehicles in 2019 to under 150,000 annually for each of the past four years. Concurrently, the company's sales in Thailand have remained below 100,000 units annually during the same period.

By centralising vehicle production at the Prachinburi plant, which opened in 2016, Honda hopes to improve efficiency and better align its manufacturing output with market demand. The company has been exporting vehicles from Thailand to other Southeast Asian markets, including Indonesia and the Philippines, to offset the domestic sales shortfall.

This restructuring comes at a time when Japanese automakers are facing unprecedented challenges in key Asian markets. In China, both Honda and its rival Nissan have struggled against the rise of domestic brands offering attractively priced EVs and plug-in hybrids with advanced software features. The competitive pressure is now spilling over into Southeast Asian markets, where Chinese automakers are aggressively expanding their presence.

The threat from Chinese brands is particularly evident in Thailand, where companies like BYD are making significant investments. Last week, BYD opened a plant for battery-powered cars in the country, part of a broader wave of Chinese EV manufacturers establishing production facilities in Thailand. These investments, totaling more than USD 1.44 billion, signal the intensifying competition in the region's automotive sector.

Honda's decision to consolidate its Thai operations also reflects a cautious approach to future investments in the country. The company spokesperson stated that there are currently no plans for new investments in Thailand, indicating a period of consolidation and optimization rather than expansion.

The automotive industry in Southeast Asia is at a critical juncture, with traditional manufacturers like Honda needing to adapt to the rapidly evolving market dynamics. The shift towards electric vehicles, coupled with the entry of new competitors, is forcing established players to reassess their strategies and operational structures. 
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Honda Motor has unveiled plans to restructure its manufacturing operations in Thailand. The Japanese automaker announced on Tuesday that it will halt vehicle production at its Ayutthaya province factory by 2025, consolidating its output at the more modern Prachinburi plant.

Honda Motor has unveiled plans to restructure its manufacturing operations in Thailand. The Japanese automaker announced on Tuesday that it will halt vehicle production at its Ayutthaya province factory by 2025, consolidating its output at the more modern Prachinburi plant. This decision comes as Honda faces increasing pressure in the Thai market, where aggressive competition from Chinese brands and growing consumer demand for electric vehicles (EVs) are reshaping the industry. The Ayutthaya plant, which has been operational since 1996, will transition to producing car parts once vehicle manufacturing ceases next year. The consolidation effort aims to optimise Honda's production capacity in Thailand, addressing the significant gap between vehicle production and sales that the company has experienced in recent years. Honda's combined production at its two Thai plants has seen a substantial decline, dropping from 228,000 vehicles in 2019 to under 150,000 annually for each of the past four years. Concurrently, the company's sales in Thailand have remained below 100,000 units annually during the same period. By centralising vehicle production at the Prachinburi plant, which opened in 2016, Honda hopes to improve efficiency and better align its manufacturing output with market demand. The company has been exporting vehicles from Thailand to other Southeast Asian markets, including Indonesia and the Philippines, to offset the domestic sales shortfall. This restructuring comes at a time when Japanese automakers are facing unprecedented challenges in key Asian markets. In China, both Honda and its rival Nissan have struggled against the rise of domestic brands offering attractively priced EVs and plug-in hybrids with advanced software features. The competitive pressure is now spilling over into Southeast Asian markets, where Chinese automakers are aggressively expanding their presence. The threat from Chinese brands is particularly evident in Thailand, where companies like BYD are making significant investments. Last week, BYD opened a plant for battery-powered cars in the country, part of a broader wave of Chinese EV manufacturers establishing production facilities in Thailand. These investments, totaling more than USD 1.44 billion, signal the intensifying competition in the region's automotive sector. Honda's decision to consolidate its Thai operations also reflects a cautious approach to future investments in the country. The company spokesperson stated that there are currently no plans for new investments in Thailand, indicating a period of consolidation and optimization rather than expansion. The automotive industry in Southeast Asia is at a critical juncture, with traditional manufacturers like Honda needing to adapt to the rapidly evolving market dynamics. The shift towards electric vehicles, coupled with the entry of new competitors, is forcing established players to reassess their strategies and operational structures.

Honda streamlines Thai operations

The National Labor Relations Board (NLRB) has accused Honda of violating workers' rights at its Greensburg, Indiana, factory. According to NLRB spokeswoman Kayla Blado, the charges involve illegal actions taken by the company to suppress union organizing efforts. The complaint, issued by the NLRB's general counsel, claims Honda forced workers to remove United Auto Workers (UAW) stickers from their safety helmets, unlawfully surveilled employees, and threatened to discipline union supporters.

Details of the complaint

The NLRB alleges that Honda's actions constitute a breach of U.S. labour laws that protect workers' rights to organise and advocate for better working conditions. The specific details of the complaint have not been made publicly available, but the charges are serious enough to warrant an administrative hearing. If Honda does not resolve the claims through settlement, a hearing will be held in October.

Honda's response

Honda has denied the allegations, stating that the claims lack merit. A company spokesperson said, "Filing unfair labour practice charges is a common tactic used by the union to generate publicity and attention for their organising campaigns. We look forward to a hearing."

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Broader union efforts

The union campaign at Honda's Greensburg plant, which employs over 2,400 workers, is part of a wider initiative by the UAW to organise workers at auto plants that have traditionally resisted unionisation. Recently, the UAW lost an election to represent nearly 5,000 workers at a Mercedes plant in Alabama. The union has requested the NLRB to mandate a new election, accusing Mercedes of various violations of workers' rights.

The UAW has also filed complaints against Hyundai and Volkswagen, accusing them of illegally interfering with union campaigns. Both companies have denied the allegations, asserting that they respect workers' rights to decide on union membership.

Legal proceedings and implications

The case, officially titled "Honda Development and Manufacturing of America, National Labor Relations Board, No. 25-CA-331556," will be reviewed by an administrative judge if not settled. The judge's decision can be appealed to the five-member NLRB, whose rulings are subject to further appeal in federal courts.

Why the dispute matters?

This dispute highlights the ongoing tension between automotive companies and labour unions in the United States. The UAW's efforts to organise workers at major auto plants have faced significant resistance, reflecting broader challenges within the labour movement. The accusations against Honda, if proven true, underscore the lengths to which companies may go to prevent unionisation.

The stakes for workers and employers

For workers, the ability to organise and advocate for better conditions is a fundamental right protected under U.S. labour law. The allegations against Honda suggest that this right may be under threat, prompting scrutiny from regulatory bodies like the NLRB.

For employers, the rise of unionisation efforts poses a challenge to traditional management practices. Companies may need to reassess their strategies and policies to ensure compliance with labour laws while addressing the concerns of their workforce.

Future outlook

As the case progresses, it will be closely watched by both labour advocates and corporate entities. The outcome could set a precedent for future disputes and influence the landscape of labour relations in the automotive industry. Whether through settlement or legal ruling, the resolution of this case will have significant implications for Honda and potentially other companies facing similar challenges.

The NLRB's charges against Honda highlight critical issues in labour relations within the automotive industry. As the case unfolds, it will provide valuable insights into the dynamics between workers' rights and corporate policies, shaping the future of unionisation efforts across the sector.

(Inputs from Reuters)

The National Labor Relations Board (NLRB) has accused Honda of violating workers' rights at its Greensburg, Indiana, factory. According to NLRB spokeswoman Kayla Blado, the charges involve illegal actions taken by the company to suppress union organizing efforts.

The National Labor Relations Board (NLRB) has accused Honda of violating workers' rights at its Greensburg, Indiana, factory. According to NLRB spokeswoman Kayla Blado, the charges involve illegal actions taken by the company to suppress union organizing efforts. The complaint, issued by the NLRB's general counsel, claims Honda forced workers to remove United Auto Workers (UAW) stickers from their safety helmets, unlawfully surveilled employees, and threatened to discipline union supporters. Details of the complaint The NLRB alleges that Honda's actions constitute a breach of U.S. labour laws that protect workers' rights to organise and advocate for better working conditions. The specific details of the complaint have not been made publicly available, but the charges are serious enough to warrant an administrative hearing. If Honda does not resolve the claims through settlement, a hearing will be held in October. Honda's response Honda has denied the allegations, stating that the claims lack merit. A company spokesperson said, "Filing unfair labour practice charges is a common tactic used by the union to generate publicity and attention for their organising campaigns. We look forward to a hearing." Also read: Hertz to raise USD 750 mn to address financial challenges post EV bet Broader union efforts The union campaign at Honda's Greensburg plant, which employs over 2,400 workers, is part of a wider initiative by the UAW to organise workers at auto plants that have traditionally resisted unionisation. Recently, the UAW lost an election to represent nearly 5,000 workers at a Mercedes plant in Alabama. The union has requested the NLRB to mandate a new election, accusing Mercedes of various violations of workers' rights. The UAW has also filed complaints against Hyundai and Volkswagen, accusing them of illegally interfering with union campaigns. Both companies have denied the allegations, asserting that they respect workers' rights to decide on union membership. Legal proceedings and implications The case, officially titled "Honda Development and Manufacturing of America, National Labor Relations Board, No. 25-CA-331556," will be reviewed by an administrative judge if not settled. The judge's decision can be appealed to the five-member NLRB, whose rulings are subject to further appeal in federal courts. Why the dispute matters? This dispute highlights the ongoing tension between automotive companies and labour unions in the United States. The UAW's efforts to organise workers at major auto plants have faced significant resistance, reflecting broader challenges within the labour movement. The accusations against Honda, if proven true, underscore the lengths to which companies may go to prevent unionisation. The stakes for workers and employers For workers, the ability to organise and advocate for better conditions is a fundamental right protected under U.S. labour law. The allegations against Honda suggest that this right may be under threat, prompting scrutiny from regulatory bodies like the NLRB. For employers, the rise of unionisation efforts poses a challenge to traditional management practices. Companies may need to reassess their strategies and policies to ensure compliance with labour laws while addressing the concerns of their workforce. Future outlook As the case progresses, it will be closely watched by both labour advocates and corporate entities. The outcome could set a precedent for future disputes and influence the landscape of labour relations in the automotive industry. Whether through settlement or legal ruling, the resolution of this case will have significant implications for Honda and potentially other companies facing similar challenges. The NLRB's charges against Honda highlight critical issues in labour relations within the automotive industry. As the case unfolds, it will provide valuable insights into the dynamics between workers' rights and corporate policies, shaping the future of unionisation efforts across the sector. (Inputs from Reuters)

Honda faces labour law violation charges at Indiana plant

As electric vehicles gain momentum globally, Honda is set to introduce its highly anticipated electric N-VAN e in Japan this October. This new addition is part of Honda's aggressive strategy to expand its electric vehicle portfolio and meet growing demand for sustainable transportation.

Honda has priced the new N-VAN e starting at USD 15,500 (2,439,800 yen), making it an attractive option for both commercial and personal use. This competitive pricing is a strategic move to ramp up EV sales and position Honda as a leader in the electric vehicle market.

Why the N-VAN e?

The electric N-VAN e is based on Honda's gas-powered N-VAN, which has been a staple in the market. Honda first teased this electric model in 2022, and a prototype was showcased at the Japan Mobility Show last October. After extensive domestic testing over the past year, Honda is ready to launch the N-VAN e on October 10, 2024.

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Impressive range and charging capabilities

One of the key highlights of the N-VAN e is its range and charging efficiency. The vehicle offers up to 152 miles (245 km) of WLTC range, which is sufficient for delivery services and other commercial uses. The N-VAN e supports 30-minute fast charging, making it convenient for businesses that require quick turnaround times. Additionally, a regular 6 kW charge takes approximately 4.5 hours.

Design and features

Honda has designed the N-VAN e with enhanced features and accessibility compared to its gas-powered counterpart. The electric model boasts a flat, low floor and high ceiling, with the battery mounted under the floor. By eliminating the center pillar, Honda has created a large opening on the passenger side, facilitating easy access and loading.

Four variants

The N-VAN e comes in four variants, each catering to different customer needs:

e: L4: The standard model with four seats, a 7" LCD screen, and designed for diverse uses.

e: FUN: Based on the e: L4, this variant includes features for leisure activities, such as fast charging and LED headlights.

e: G: Designed for commercial use, this model has one seat and is ideal for deliveries. It is longer and has a lower floor height than the gas-powered version.

e: L2: This model offers multiple configurations, with seats and the center pillar removed for easy loading and unloading.

The e: G and e: L2 models will be available exclusively through Honda's Fleet Sales Division and the Honda ON leasing program.

Honda's long-term EV strategy

Despite some rivals scaling back on their EV plans, Honda is committed to accelerating its electric vehicle initiatives. The company has announced a $65 billion (10 trillion yen) investment through 2030 to strengthen its EV lineup. This ambitious plan includes the launch of seven new "0 series" EV models globally by 2030. The first model, based on the Honda Saloon concept, will debut in North America before its worldwide rollout.

Expanding EV presence

Following the launch of the N-VAN e in Japan, Honda plans to introduce a series of small-size EVs in the region to cater to the increasing demand. In the United States, Honda's first electric SUV, the Prologue, is already available. With a new $2,000 incentive, the Honda Prologue is now more affordable to lease than Tesla's Model Y, starting at $399 per month.

Honda's introduction of the electric N-VAN e marks a significant step in the company's journey towards a sustainable future. By offering a competitively priced, versatile, and efficient electric vehicle, Honda is poised to capture a substantial share of the EV market. This move aligns with Honda's broader strategy to lead the charge in electric mobility and meet the evolving needs of consumers and businesses alike.

As Honda continues to innovate and expand its electric vehicle offerings, the N-VAN e represents a critical milestone in its commitment to sustainability and technological advancement. With its launch just around the corner, the N-VAN e is set to make a significant impact in the electric vehicle landscape.

As electric vehicles gain momentum globally, Honda is set to introduce its highly anticipated electric N-VAN e in Japan this October. This new addition is part of Honda's aggressive strategy to expand its electric vehicle portfolio and meet growing demand for sustainable transportation.

As electric vehicles gain momentum globally, Honda is set to introduce its highly anticipated electric N-VAN e in Japan this October. This new addition is part of Honda's aggressive strategy to expand its electric vehicle portfolio and meet growing demand for sustainable transportation. Honda has priced the new N-VAN e starting at USD 15,500 (2,439,800 yen), making it an attractive option for both commercial and personal use. This competitive pricing is a strategic move to ramp up EV sales and position Honda as a leader in the electric vehicle market. Why the N-VAN e? The electric N-VAN e is based on Honda's gas-powered N-VAN, which has been a staple in the market. Honda first teased this electric model in 2022, and a prototype was showcased at the Japan Mobility Show last October. After extensive domestic testing over the past year, Honda is ready to launch the N-VAN e on October 10, 2024. Also read: LondonEnergy adopts Volvo FM Electric for efficient waste management Impressive range and charging capabilities One of the key highlights of the N-VAN e is its range and charging efficiency. The vehicle offers up to 152 miles (245 km) of WLTC range, which is sufficient for delivery services and other commercial uses. The N-VAN e supports 30-minute fast charging, making it convenient for businesses that require quick turnaround times. Additionally, a regular 6 kW charge takes approximately 4.5 hours. Design and features Honda has designed the N-VAN e with enhanced features and accessibility compared to its gas-powered counterpart. The electric model boasts a flat, low floor and high ceiling, with the battery mounted under the floor. By eliminating the center pillar, Honda has created a large opening on the passenger side, facilitating easy access and loading. Four variants The N-VAN e comes in four variants, each catering to different customer needs: e: L4: The standard model with four seats, a 7" LCD screen, and designed for diverse uses. e: FUN: Based on the e: L4, this variant includes features for leisure activities, such as fast charging and LED headlights. e: G: Designed for commercial use, this model has one seat and is ideal for deliveries. It is longer and has a lower floor height than the gas-powered version. e: L2: This model offers multiple configurations, with seats and the center pillar removed for easy loading and unloading. The e: G and e: L2 models will be available exclusively through Honda's Fleet Sales Division and the Honda ON leasing program. Honda's long-term EV strategy Despite some rivals scaling back on their EV plans, Honda is committed to accelerating its electric vehicle initiatives. The company has announced a $65 billion (10 trillion yen) investment through 2030 to strengthen its EV lineup. This ambitious plan includes the launch of seven new "0 series" EV models globally by 2030. The first model, based on the Honda Saloon concept, will debut in North America before its worldwide rollout. Expanding EV presence Following the launch of the N-VAN e in Japan, Honda plans to introduce a series of small-size EVs in the region to cater to the increasing demand. In the United States, Honda's first electric SUV, the Prologue, is already available. With a new $2,000 incentive, the Honda Prologue is now more affordable to lease than Tesla's Model Y, starting at $399 per month. Honda's introduction of the electric N-VAN e marks a significant step in the company's journey towards a sustainable future. By offering a competitively priced, versatile, and efficient electric vehicle, Honda is poised to capture a substantial share of the EV market. This move aligns with Honda's broader strategy to lead the charge in electric mobility and meet the evolving needs of consumers and businesses alike. As Honda continues to innovate and expand its electric vehicle offerings, the N-VAN e represents a critical milestone in its commitment to sustainability and technological advancement. With its launch just around the corner, the N-VAN e is set to make a significant impact in the electric vehicle landscape.

Honda to launch electric N-VAN e at USD 15,500

As the automotive industry navigates a monumental shift from internal combustion engines (ICE) to electric vehicles (EV), legacy manufacturers are charting diverse paths. Honda Motor Company, a stalwart of the industry, is intensifying its focus on EVs, positioning itself firmly in the evolving landscape. This commitment stands in contrast to the retrenchment seen among some competitors.

Honda's bold investment moves

In a series of recent announcements, Honda has revealed plans for significant investments in North America. The company is committing $11 billion to establish a comprehensive EV hub in Canada and transforming its Ohio operations to support EV production. This dual-pronged approach reflects Honda's intent to establish a robust EV presence and develop a versatile manufacturing capability.

“We're making a $700 million investment in Ohio, providing us the flexibility to produce both ICE and BEV vehicles on the same line,” said Bob Nelson, executive vice president of American Honda Motor Co. This strategic investment underscores Honda’s pragmatic approach, allowing adaptation to market demands.

A hedged approach amid industry pullbacks

While Honda ramps up its EV strategy, other automakers are pulling back. General Motors (GM) has ceased setting specific EV production targets, opting to align output with market demand. Similarly, Ford has delayed $12 billion in EV investments. This divergence in strategies highlights the varied approaches within the industry, driven by market uncertainties and financial pressures.

“Each manufacturer has its reasons for their direction,” Nelson remarked, implying that Honda’s strategy is tailored to its unique market position and capabilities.

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The challenge of catching up

Industry analysts suggest that Honda's aggressive EV strategy is a response to its need to catch up in the rapidly evolving market. “They are getting into the game, no doubt,” said Cliff Banks, founder of the Banks Report. Banks noted that the high costs associated with EV production have led many manufacturers to reassess their strategies. “The costs are substantial, and automakers are essentially rebuilding the airplane while flying it. Honda will feel that same cost pressure.”

A decades-long transformation

The transition to EVs is a long-term process, spanning decades. GM CEO Mary Barra echoed this sentiment, indicating that the industry’s transformation will unfold over an extended period. Despite this, GM aims to exclusively sell electric vehicles by 2035, aligning with Honda’s goal of 80% EVs by 2035 and 100% by 2040.

The market remains unpredictable. For instance, Ford’s EV sales surged in May, demonstrating the volatile nature of consumer demand and the challenges automakers face in forecasting the market accurately.

Building expertise and infrastructure

Honda’s investments are not just about ramping up production but also about building expertise and infrastructure. The $700 million investment in Ohio is designed to develop capabilities that can be leveraged across all North American operations. “Having all those functions and experiences here allows us to develop standards and profits for EVs, which we will use globally,” Nelson said.

This comprehensive approach includes engineering, purchasing, and operational efficiencies, positioning Honda to capitalise on its investments and expand its EV footprint worldwide.

The role of hybrids

While Honda is committed to EVs, it also sees hybrids as a crucial transitional technology. Models like the CR-V Hybrid serve as “transition cars” to introduce consumers to electric mobility. This strategy reflects Honda’s pragmatic approach, catering to diverse consumer preferences and easing the transition to fully electric vehicles.

An unsettled market

The EV market remains unsettled, with competition intensifying and market dynamics shifting rapidly. Tesla, the long-standing market leader, saw its market share drop from 61.71% last year to 51.3% in the first quarter. This decline underscores the impact of new entrants and aggressive pricing strategies.

Jenni Newman, editor at Cars.com, noted, “Tesla’s price cuts on new cars have affected the used car market significantly. Established OEMs like Honda are entering the market with their own EVs, alongside new players like Rivian, which recently enhanced its all-electric R1 pickup and SUV models.”

Collaborative efforts

Honda’s first mass-market EV, the Prologue, exemplifies the collaborative efforts within the industry. The Prologue utilises the Chevy Blazer design, while Honda’s luxury brand, Acura, is developing its first EV based on a Cadillac. This collaboration mirrors similar partnerships, such as Toyota’s with Subaru, and allows Honda to expedite its entry into the EV market.

Long-term vision

Honda’s commitment to becoming fully electric by 2040 aligns with industry trends, although the timeline is ambitious. Newman describes this transition as “fairly fast” given the complexity and scale of the automotive industry. Honda’s strategy also includes developing hydrogen fuel cells as an alternative to traditional engines, further diversifying its approach to achieving zero emissions.

In a joint venture with LG Energy Solution, Honda is also ramping up hiring and construction at its Ohio plant. This $3.5 billion partnership will provide batteries for Honda and Acura EVs, reinforcing the company’s long-term vision.

Leveraging brand trust

Honda’s trusted brand reputation is a significant asset as it navigates the EV transition. A survey by Edmunds revealed that 8% of respondents trust Honda to produce the best EVs, placing it ahead of many competitors. This trust, combined with Honda’s strategic investments and pragmatic approach, positions it well to capitalise on the growing EV market.

Market sentiment and challenges

Despite the positive steps, consumer sentiment towards EVs remains mixed. A Gallup poll indicated that while EV ownership is increasing, serious interest in buying an EV has declined. Political and ideological divides further complicate the market landscape, with some consumers firmly opposed to EVs regardless of their benefits.

Jessica Caldwell, Head of Insights at Edmunds, noted, “A segment of the public has decided that EVs are not for them. This mindset presents a significant challenge for automakers, who must overcome these biases to succeed in the EV market.”

Honda’s ambitious EV strategy marks a pivotal moment in its history. By investing heavily in North America and adopting a flexible production approach, Honda aims to navigate the uncertainties of the EV market effectively. While challenges remain, including high costs and fluctuating consumer demand, Honda’s trusted brand and comprehensive strategy position it as a formidable player in the EV transition.

As the industry continues to evolve, Honda’s commitment to innovation and adaptability will be crucial in shaping its future. With a long-term vision and a pragmatic approach, Honda is poised to make significant strides in the electric vehicle market, reinforcing its legacy as a leader in automotive innovation.

As the automotive industry navigates a monumental shift from internal combustion engines (ICE) to electric vehicles (EV), legacy manufacturers are charting diverse paths.

As the automotive industry navigates a monumental shift from internal combustion engines (ICE) to electric vehicles (EV), legacy manufacturers are charting diverse paths. Honda Motor Company, a stalwart of the industry, is intensifying its focus on EVs, positioning itself firmly in the evolving landscape. This commitment stands in contrast to the retrenchment seen among some competitors. Honda's bold investment moves In a series of recent announcements, Honda has revealed plans for significant investments in North America. The company is committing $11 billion to establish a comprehensive EV hub in Canada and transforming its Ohio operations to support EV production. This dual-pronged approach reflects Honda's intent to establish a robust EV presence and develop a versatile manufacturing capability. “We're making a $700 million investment in Ohio, providing us the flexibility to produce both ICE and BEV vehicles on the same line,” said Bob Nelson, executive vice president of American Honda Motor Co. This strategic investment underscores Honda’s pragmatic approach, allowing adaptation to market demands. A hedged approach amid industry pullbacks While Honda ramps up its EV strategy, other automakers are pulling back. General Motors (GM) has ceased setting specific EV production targets, opting to align output with market demand. Similarly, Ford has delayed $12 billion in EV investments. This divergence in strategies highlights the varied approaches within the industry, driven by market uncertainties and financial pressures. “Each manufacturer has its reasons for their direction,” Nelson remarked, implying that Honda’s strategy is tailored to its unique market position and capabilities. Also read: Chrysler recalls over 211,000 vehicles in the U.S. due to software malfunction The challenge of catching up Industry analysts suggest that Honda's aggressive EV strategy is a response to its need to catch up in the rapidly evolving market. “They are getting into the game, no doubt,” said Cliff Banks, founder of the Banks Report. Banks noted that the high costs associated with EV production have led many manufacturers to reassess their strategies. “The costs are substantial, and automakers are essentially rebuilding the airplane while flying it. Honda will feel that same cost pressure.” A decades-long transformation The transition to EVs is a long-term process, spanning decades. GM CEO Mary Barra echoed this sentiment, indicating that the industry’s transformation will unfold over an extended period. Despite this, GM aims to exclusively sell electric vehicles by 2035, aligning with Honda’s goal of 80% EVs by 2035 and 100% by 2040. The market remains unpredictable. For instance, Ford’s EV sales surged in May, demonstrating the volatile nature of consumer demand and the challenges automakers face in forecasting the market accurately. Building expertise and infrastructure Honda’s investments are not just about ramping up production but also about building expertise and infrastructure. The $700 million investment in Ohio is designed to develop capabilities that can be leveraged across all North American operations. “Having all those functions and experiences here allows us to develop standards and profits for EVs, which we will use globally,” Nelson said. This comprehensive approach includes engineering, purchasing, and operational efficiencies, positioning Honda to capitalise on its investments and expand its EV footprint worldwide. The role of hybrids While Honda is committed to EVs, it also sees hybrids as a crucial transitional technology. Models like the CR-V Hybrid serve as “transition cars” to introduce consumers to electric mobility. This strategy reflects Honda’s pragmatic approach, catering to diverse consumer preferences and easing the transition to fully electric vehicles. An unsettled market The EV market remains unsettled, with competition intensifying and market dynamics shifting rapidly. Tesla, the long-standing market leader, saw its market share drop from 61.71% last year to 51.3% in the first quarter. This decline underscores the impact of new entrants and aggressive pricing strategies. Jenni Newman, editor at Cars.com, noted, “Tesla’s price cuts on new cars have affected the used car market significantly. Established OEMs like Honda are entering the market with their own EVs, alongside new players like Rivian, which recently enhanced its all-electric R1 pickup and SUV models.” Collaborative efforts Honda’s first mass-market EV, the Prologue, exemplifies the collaborative efforts within the industry. The Prologue utilises the Chevy Blazer design, while Honda’s luxury brand, Acura, is developing its first EV based on a Cadillac. This collaboration mirrors similar partnerships, such as Toyota’s with Subaru, and allows Honda to expedite its entry into the EV market. Long-term vision Honda’s commitment to becoming fully electric by 2040 aligns with industry trends, although the timeline is ambitious. Newman describes this transition as “fairly fast” given the complexity and scale of the automotive industry. Honda’s strategy also includes developing hydrogen fuel cells as an alternative to traditional engines, further diversifying its approach to achieving zero emissions. In a joint venture with LG Energy Solution, Honda is also ramping up hiring and construction at its Ohio plant. This $3.5 billion partnership will provide batteries for Honda and Acura EVs, reinforcing the company’s long-term vision. Leveraging brand trust Honda’s trusted brand reputation is a significant asset as it navigates the EV transition. A survey by Edmunds revealed that 8% of respondents trust Honda to produce the best EVs, placing it ahead of many competitors. This trust, combined with Honda’s strategic investments and pragmatic approach, positions it well to capitalise on the growing EV market. Market sentiment and challenges Despite the positive steps, consumer sentiment towards EVs remains mixed. A Gallup poll indicated that while EV ownership is increasing, serious interest in buying an EV has declined. Political and ideological divides further complicate the market landscape, with some consumers firmly opposed to EVs regardless of their benefits. Jessica Caldwell, Head of Insights at Edmunds, noted, “A segment of the public has decided that EVs are not for them. This mindset presents a significant challenge for automakers, who must overcome these biases to succeed in the EV market.” Honda’s ambitious EV strategy marks a pivotal moment in its history. By investing heavily in North America and adopting a flexible production approach, Honda aims to navigate the uncertainties of the EV market effectively. While challenges remain, including high costs and fluctuating consumer demand, Honda’s trusted brand and comprehensive strategy position it as a formidable player in the EV transition. As the industry continues to evolve, Honda’s commitment to innovation and adaptability will be crucial in shaping its future. With a long-term vision and a pragmatic approach, Honda is poised to make significant strides in the electric vehicle market, reinforcing its legacy as a leader in automotive innovation.

Honda accelerates EV strategy amid industry uncertainty

Japan's second and third largest automakers - Nissan & Honda - have joined forces. The partnership aims to accelerate the development of core EV technologies, including batteries and electric motors. The collaboration extends beyond just EVs. Self-driving car technology, also known as intelligent cars, is another key area of focus.

Nissan & Honda collaborate on EV technology advancement

Japanese arch-rivals Nissan and Honda said Friday they were exploring a strategic partnership in electric vehicles to face up to a "once-in-a-century" upheaval in the car industry.

Analysts said the move was aimed at catching up with Chinese competitors who have stolen a march in EVs while Japanese firms have lost ground by focusing more on hybrid vehicles.

"We are not competing only with the traditional car makers, but also with new players... with innovative products and new business models" as well as "overwhelming price competitiveness and amazing speed," said Nissan CEO Makoto Uchida.

"We cannot win the competition as long as we stick to conventional wisdom and traditional approach," he told a joint news conference announcing a feasibility study of the partnership.The scope includes automotive software platforms, core components related to EVs, and complementary products, the companies said.

Also Read |&nbsp;<a href="https://www.wionews.com/world/us-panic-breaks-out-in-new-york-subway-after-man-shoots-another-passenger-in-head-700435">US: Panic breaks out in New York subway after man shoots another passenger in head</a>

Media reports said the partnership could include joint development of a common EV powertrain -- a so-called e-axle -- and joint procurement of batteries.

Honda CEO Toshihiro Mibe said that there was a "once-in-a-century transformation in the automotive industry".

"Our study criteria will be whether the synergy of the technologies and knowledge that our companies have cultivated will enable us to become industry leaders by creating new value for the automotive industry," he said.

<h2>Rising EV sales</h2>

Hybrids that combine battery power and internal combustion engines have proved enduringly popular in Japan, accounting for 40 percent of sales in 2022.

But Japanese firms' focus on hybrids has left them in the slow lane in meeting the growing appetite for purely electric vehicles.

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Just 1.7 percent of cars sold in Japan in 2022 were electric -- compared to 15 percent in western Europe and 5.3 percent in the United States.

EVs accounted for as much as 20 percent of new cars sold in China in 2022, and the strength of Chinese auto firms helped the country overtake Japan as the world's biggest auto exporter last year.

Honda and Nissan are even considering cutting production capacity in China as sales decline, according to media reports.

"Both of the companies are not at a high-enough scale to create enough profit margins... so they are actually under pressure to find a partnership," said Chris Redl, an auto analyst in Japan.

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"Even though they were very fierce rivals historically, it makes more sense for Nissan to get together with a Japanese company like Honda, rather than having these cultural wars with an alliance partner like Renault" of France, he said.

Nissan and Renault were in a major alliance but after years of tensions -- including Japan's arrest of Nissan boss Carlos Ghosn in 2018 -- the two companies are now "rebalancing" their ties.

Honda in October scrapped a tie-up aimed at making "affordable" EVs with US giant General Motors although the two firms are aiming to deploy self-driving taxis in Tokyo from 2026. 
&nbsp;

Japanese arch-rivals Nissan and Honda said Friday they were exploring a strategic partnership in electric vehicles to face up to a "once-in-a-century" upheaval in the car industry.

Japanese arch-rivals Nissan and Honda said Friday they were exploring a strategic partnership in electric vehicles to face up to a "once-in-a-century" upheaval in the car industry. Analysts said the move was aimed at catching up with Chinese competitors who have stolen a march in EVs while Japanese firms have lost ground by focusing more on hybrid vehicles. "We are not competing only with the traditional car makers, but also with new players... with innovative products and new business models" as well as "overwhelming price competitiveness and amazing speed," said Nissan CEO Makoto Uchida. "We cannot win the competition as long as we stick to conventional wisdom and traditional approach," he told a joint news conference announcing a feasibility study of the partnership.The scope includes automotive software platforms, core components related to EVs, and complementary products, the companies said. Also Read | US: Panic breaks out in New York subway after man shoots another passenger in head Media reports said the partnership could include joint development of a common EV powertrain -- a so-called e-axle -- and joint procurement of batteries. Honda CEO Toshihiro Mibe said that there was a "once-in-a-century transformation in the automotive industry". "Our study criteria will be whether the synergy of the technologies and knowledge that our companies have cultivated will enable us to become industry leaders by creating new value for the automotive industry," he said. Rising EV sales Hybrids that combine battery power and internal combustion engines have proved enduringly popular in Japan, accounting for 40 percent of sales in 2022. But Japanese firms' focus on hybrids has left them in the slow lane in meeting the growing appetite for purely electric vehicles. Also Read | Sixty migrants feared drowned crossing Mediterranean from Libya Just 1.7 percent of cars sold in Japan in 2022 were electric -- compared to 15 percent in western Europe and 5.3 percent in the United States. EVs accounted for as much as 20 percent of new cars sold in China in 2022, and the strength of Chinese auto firms helped the country overtake Japan as the world's biggest auto exporter last year. Honda and Nissan are even considering cutting production capacity in China as sales decline, according to media reports. "Both of the companies are not at a high-enough scale to create enough profit margins... so they are actually under pressure to find a partnership," said Chris Redl, an auto analyst in Japan. Watch | US imposes sanctions on Israeli settlers | Australia to resume UNRWA funding × "Even though they were very fierce rivals historically, it makes more sense for Nissan to get together with a Japanese company like Honda, rather than having these cultural wars with an alliance partner like Renault" of France, he said. Nissan and Renault were in a major alliance but after years of tensions -- including Japan's arrest of Nissan boss Carlos Ghosn in 2018 -- the two companies are now "rebalancing" their ties. Honda in October scrapped a tie-up aimed at making "affordable" EVs with US giant General Motors although the two firms are aiming to deploy self-driving taxis in Tokyo from 2026.

Auto rivals Nissan, Honda explore partnership in electric vehicles

According to a joint study by London's University College and the University of Kent, algorithms used by social media platforms are rapidly amplifying highly misogynistic content.

Report: Social media algorithms amplify misogynistic content

WION's Business Desk brings you this daily round up of global stories from the world of business and economy.&nbsp;<o:p></o:p>

Paytm faces regulatory hurdles in India while Walmart, Google seize market opportunity<o:p></o:p>

In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/paytm-faces-regulatory-hurdles-in-india-while-walmart-google-seize-market-opportunity-687706">Read more here</a><o:p></o:p>

Toyota boosts profit outlook as earnings surge, fuelled by weak yen: Report<o:p></o:p>

Japan's leading automaker, Toyota has revised its full fiscal year profit forecast upwards following robust earnings in the October to December quarter, where profits nearly doubled compared to the previous year.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/toyota-boosts-profit-outlook-as-earnings-surge-fuelled-by-weak-yen-report-687713">Read more here</a><o:p></o:p>

Nintendo boosts Switch sales forecast, hints at new hardware launch<o:p></o:p>

Nintendo has elevated its full-year Switch sales forecast to 15.5 million units, up from the previous estimate of 15 million units, driven by robust sales during the year-end shopping season.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/nintendo-boosts-switch-sales-forecast-hints-at-new-hardware-launch-687736">Read more here</a><o:p></o:p>

Paytm CEO Advised by Government: No intervention in RBI clampdown<o:p></o:p>

Following the Reserve Bank of India's (RBI) recent restrictions on Paytm, the company's CEO, Vijay Shekhar Sharma, met with Finance Minister Nirmala Sitharaman to discuss the matter.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/paytm-ceo-advised-by-government-no-intervention-in-rbi-clampdown-687746">Read more here</a><o:p></o:p>

Solar Industry Crossroads: Europe grapples with Chinese imports amid green energy boom<o:p></o:p>

Europe's ambitious journey towards green energy is facing a significant challenge, caught in a dilemma between soaring installations driven by cheap Chinese solar panel imports and the devastating impact on local solar manufacturers.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/solar-industry-crossroads-europe-grapples-with-chinese-imports-amid-green-energy-boom-687755">Read more here</a><o:p></o:p>

DBS CEO's pay slashed following digital banking disruptions amid record profits<o:p></o:p>

Singapore's leading lender, DBS Group, reported record-breaking full-year results, yet Chief Executive Officer Piyush Gupta faced a significant reduction in compensation due to digital banking disruptions witnessed last year.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/dbs-ceos-pay-slashed-following-digital-banking-disruptions-amid-record-profits-687763">Read more here</a><o:p></o:p>

Honda recalls 750,000 US vehicles due to airbag defect, urges prompt action<o:p></o:p>

Honda announced on Tuesday that it is recalling 750,000 vehicles in the United States, citing a potential defect involving airbags that could unintentionally deploy during a crash.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/honda-recalls-750000-us-vehicles-due-to-airbag-defect-urges-prompt-action-687775">Read more here</a><o:p></o:p>

China escalates crackdown on short-selling with stringent measures<o:p></o:p>

In a move to curb short-selling, China's securities regulator announced on Tuesday a series of stringent measures, including the suspension of brokerages from borrowing shares for lending and imposing a cap on the size of securities re-lending businesses.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/china-escalates-crackdown-on-short-selling-with-stringent-measures-687781">Read more here</a><o:p></o:p>

Disney, Fox, Warner Bros Discovery unite to launch sports streaming platform<o:p></o:p>

In a new collaboration, Fox Corp, Disney, and Warner Bros Discovery announced on Tuesday their plans to introduce a joint sports streaming service in the upcoming autumn, aiming to capture the attention of younger audiences increasingly turning away from traditional television.<o:p></o:p>

<a href="https://www.wionews.com/business-economy/disney-fox-warner-bros-discovery-unite-to-launch-sports-streaming-platform-687788">Read more here</a><o:p></o:p>

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Paytm faces regulatory hurdles in India while Walmart, Google seize market opportunity In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market.

WION's Business Desk brings you this daily round up of global stories from the world of business and economy. Paytm faces regulatory hurdles in India while Walmart, Google seize market opportunity In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market. Read more here Toyota boosts profit outlook as earnings surge, fuelled by weak yen: Report Japan's leading automaker, Toyota has revised its full fiscal year profit forecast upwards following robust earnings in the October to December quarter, where profits nearly doubled compared to the previous year. Read more here Nintendo boosts Switch sales forecast, hints at new hardware launch Nintendo has elevated its full-year Switch sales forecast to 15.5 million units, up from the previous estimate of 15 million units, driven by robust sales during the year-end shopping season. Read more here Paytm CEO Advised by Government: No intervention in RBI clampdown Following the Reserve Bank of India's (RBI) recent restrictions on Paytm, the company's CEO, Vijay Shekhar Sharma, met with Finance Minister Nirmala Sitharaman to discuss the matter. Read more here Solar Industry Crossroads: Europe grapples with Chinese imports amid green energy boom Europe's ambitious journey towards green energy is facing a significant challenge, caught in a dilemma between soaring installations driven by cheap Chinese solar panel imports and the devastating impact on local solar manufacturers. Read more here DBS CEO's pay slashed following digital banking disruptions amid record profits Singapore's leading lender, DBS Group, reported record-breaking full-year results, yet Chief Executive Officer Piyush Gupta faced a significant reduction in compensation due to digital banking disruptions witnessed last year. Read more here Honda recalls 750,000 US vehicles due to airbag defect, urges prompt action Honda announced on Tuesday that it is recalling 750,000 vehicles in the United States, citing a potential defect involving airbags that could unintentionally deploy during a crash. Read more here China escalates crackdown on short-selling with stringent measures In a move to curb short-selling, China's securities regulator announced on Tuesday a series of stringent measures, including the suspension of brokerages from borrowing shares for lending and imposing a cap on the size of securities re-lending businesses. Read more here Disney, Fox, Warner Bros Discovery unite to launch sports streaming platform In a new collaboration, Fox Corp, Disney, and Warner Bros Discovery announced on Tuesday their plans to introduce a joint sports streaming service in the upcoming autumn, aiming to capture the attention of younger audiences increasingly turning away from traditional television. Read more here

WION Business Wrap | Paytm’s rising competition, Toyota’s recent profits and more

Honda Motor Co announced on Tuesday that it is recalling 750,000 vehicles in the United States, citing a potential defect involving airbags that could unintentionally deploy during a crash. <o:p></o:p>

The National Highway Traffic Safety Administration (NHTSA) revealed that the front passenger seat weight sensor may crack and short circuit, leading to a failure in suppressing the airbag as intended. <o:p></o:p>

The recall encompasses specific models, including Honda Pilot, Accord, and Civic vehicles from the model years 2020-2022, as well as certain Honda CR-V and Passport vehicles from 2020 and 2021.<o:p></o:p>

The safety concern revolves around the possibility of the airbags not deploying correctly due to the defect of the front passenger seat weight sensor. <o:p></o:p>

The NHTSA emphasised that dealers would replace the seat weight sensors to address the issue. Honda, in a statement filed with the safety regulator, reported 3,834 warranty claims related to the defect. <o:p></o:p>

Despite this, no reported injuries or deaths have been associated with the recall issue since June 2020. <o:p></o:p>

The company urged vehicle owners to respond promptly to the recall notice to ensure their safety and the proper functioning of the airbags in the affected models.<o:p></o:p>

To shed light on the origin of the defect, Honda informed the NHTSA that, after a natural disaster impacted a subcontractor's manufacturing plant, a temporary change in the base material of the printed circuit board in the seat weight sensor occurred. <o:p></o:p>

The alternative material used during this period "could allow additional strain to the printed circuit board," according to Honda's explanation. <o:p></o:p>

Honda's recall follows a similar move by Toyota Motor in December when the latter recalled 1.12 million vehicles globally due to a short circuit in a sensor that could lead to airbags not deploying as designed. <o:p></o:p>

In the same month, Honda issued another massive recall, covering 4.5 million vehicles worldwide, over concerns related to fuel pump failure. <o:p></o:p>

This recall affected 2.54 million vehicles in the US.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

Honda Motor Co announced on Tuesday that it is recalling 750,000 vehicles in the United States, citing a potential defect involving airbags that could unintentionally deploy during a crash.

Honda Motor Co announced on Tuesday that it is recalling 750,000 vehicles in the United States, citing a potential defect involving airbags that could unintentionally deploy during a crash. The National Highway Traffic Safety Administration (NHTSA) revealed that the front passenger seat weight sensor may crack and short circuit, leading to a failure in suppressing the airbag as intended. The recall encompasses specific models, including Honda Pilot, Accord, and Civic vehicles from the model years 2020-2022, as well as certain Honda CR-V and Passport vehicles from 2020 and 2021. The safety concern revolves around the possibility of the airbags not deploying correctly due to the defect of the front passenger seat weight sensor. The NHTSA emphasised that dealers would replace the seat weight sensors to address the issue. Honda, in a statement filed with the safety regulator, reported 3,834 warranty claims related to the defect. Despite this, no reported injuries or deaths have been associated with the recall issue since June 2020. The company urged vehicle owners to respond promptly to the recall notice to ensure their safety and the proper functioning of the airbags in the affected models. To shed light on the origin of the defect, Honda informed the NHTSA that, after a natural disaster impacted a subcontractor's manufacturing plant, a temporary change in the base material of the printed circuit board in the seat weight sensor occurred. The alternative material used during this period "could allow additional strain to the printed circuit board," according to Honda's explanation. Honda's recall follows a similar move by Toyota Motor in December when the latter recalled 1.12 million vehicles globally due to a short circuit in a sensor that could lead to airbags not deploying as designed. In the same month, Honda issued another massive recall, covering 4.5 million vehicles worldwide, over concerns related to fuel pump failure. This recall affected 2.54 million vehicles in the US. (With inputs from Reuters)

Honda recalls 750,000 US vehicles due to airbag defect, urges prompt action

Sony Honda Mobility unveiled its Afeela Electric Vehicle at the Consumer Electronics Show (CES) in Las Vegas on Monday (January 8).

CES 2024: New Afeela EV by Sony Honda Mobility launched at CES in Las Vegas

Honda Motor's American unit has initiated a global recall of approximately 4.5 million vehicles due to potential risks associated with fuel pump failure, according to the Japanese automaker. <o:p></o:p>

The recall encompasses 2.54 million vehicles in the United States and follows previous recalls in 2021 and 2020, totalling 628,000 and 136,000 U.S. vehicles, respectively, all for the same fuel pump issue. <o:p></o:p>

Earlier this month, Honda also issued recalls in China and Japan over the same issue.<o:p></o:p>

The recall involves various models, spanning the 2018-2020 model years, such as the Honda Accord, Civic, CR-V, HR-V, Insight, Ridgeline, Odyssey, Passport, and various Acura models, including the ILX, MDX, RDX, RLX, TLX, and NSX vehicles. <o:p></o:p>

Honda is set to replace the fuel pump module in affected vehicles, with plans to notify owners of the recall in early February. The automaker assures that the replacement parts feature greater density and expanded clearance, addressing the fuel pump issue.<o:p></o:p>

Despite the recall, Honda has reported no injuries related to the fuel pump problem but disclosed 4,042 warranty claims linked to the issue since 2018. The proactive measures aim to prevent potential safety hazards, and the recall comes just a day after Honda recalled approximately 106,030 CR-V hybrid vehicles due to the risk of fire or injury resulting from an overheated battery cable or short circuit.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

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Honda Motor's American unit has initiated a global recall of approximately 4.5 million vehicles due to potential risks associated with fuel pump failure, according to the Japanese automaker.

Honda Motor's American unit has initiated a global recall of approximately 4.5 million vehicles due to potential risks associated with fuel pump failure, according to the Japanese automaker. The recall encompasses 2.54 million vehicles in the United States and follows previous recalls in 2021 and 2020, totalling 628,000 and 136,000 U.S. vehicles, respectively, all for the same fuel pump issue. Earlier this month, Honda also issued recalls in China and Japan over the same issue. The recall involves various models, spanning the 2018-2020 model years, such as the Honda Accord, Civic, CR-V, HR-V, Insight, Ridgeline, Odyssey, Passport, and various Acura models, including the ILX, MDX, RDX, RLX, TLX, and NSX vehicles. Honda is set to replace the fuel pump module in affected vehicles, with plans to notify owners of the recall in early February. The automaker assures that the replacement parts feature greater density and expanded clearance, addressing the fuel pump issue. Despite the recall, Honda has reported no injuries related to the fuel pump problem but disclosed 4,042 warranty claims linked to the issue since 2018. The proactive measures aim to prevent potential safety hazards, and the recall comes just a day after Honda recalled approximately 106,030 CR-V hybrid vehicles due to the risk of fire or injury resulting from an overheated battery cable or short circuit. (With inputs from Reuters) WATCH WION LIVE HERE

Honda recalls 4.5 mn vehicles globally over fuel pump concerns

Honda announced on Monday it had signed Italian Luca Marini, the half-brother of MotoGP legend Valentino Rossi, to a two-year deal with its factory team.&nbsp;Marini, 26, will take over from Marc Marquez, the six-time world champion who is leaving Honda a year early to join his brother at Ducati satellite team Gresini Racing.

After making his MotoGP debut in 2021, Marini earned his first two podium finishes this season -- in the United States and Qatar -- as he came eighth overall riding for VR46, the Ducati satellite team owned by Rossi.&nbsp;He also finished in the top three in four sprint races and twice took pole position.

Marini will get a first outing on his new Japanese bike at the post-season tests in Valencia on Tuesday. He will pair up at Honda with 2020 world champion Joan Mir, who endured a disastrous past season in which he finished 22nd after scoring only 26 points.

Also Read:&nbsp;<a href="https://www.wionews.com/sports/tennis-well-be-back-australias-davis-cup-players-vow-to-win-title-next-year-663336">Tennis: 'We'll be back', Australia's Davis Cup players vow to win title next year</a>

Honda finished bottom of the constructors' standings this season, just as they did in 2022. Frenchman Johann Zarco, who rode for Ducati-Pramac the past three seasons, will also join Honda in 2024 after signing a two-year deal with its LCR satellite team.

Marini's spot in the VR46 garage will be filled by compatriot Fabio Di Giannantonio, who has penned a one-year contract. Di Giannantonio found himself without a ride for 2024 after last month's announcement that Marquez was moving to Gresini. The 25-year-old Di Giannantonio ended the season strongly, claiming third place in Australia and then securing his first MotoGP victory in Qatar.

Honda announced on Monday it had signed Italian Luca Marini, the half-brother of MotoGP legend Valentino Rossi, to a two-year deal with its factory team. Marini, 26, will take over from Marc Marquez, the six-time world champion who is leaving Honda a year early to join his brother at Ducati satellite team Gresini Racing.

Honda announced on Monday it had signed Italian Luca Marini, the half-brother of MotoGP legend Valentino Rossi, to a two-year deal with its factory team. Marini, 26, will take over from Marc Marquez, the six-time world champion who is leaving Honda a year early to join his brother at Ducati satellite team Gresini Racing. After making his MotoGP debut in 2021, Marini earned his first two podium finishes this season -- in the United States and Qatar -- as he came eighth overall riding for VR46, the Ducati satellite team owned by Rossi. He also finished in the top three in four sprint races and twice took pole position. Marini will get a first outing on his new Japanese bike at the post-season tests in Valencia on Tuesday. He will pair up at Honda with 2020 world champion Joan Mir, who endured a disastrous past season in which he finished 22nd after scoring only 26 points. Also Read: Tennis: 'We'll be back', Australia's Davis Cup players vow to win title next year Honda finished bottom of the constructors' standings this season, just as they did in 2022. Frenchman Johann Zarco, who rode for Ducati-Pramac the past three seasons, will also join Honda in 2024 after signing a two-year deal with its LCR satellite team. Marini's spot in the VR46 garage will be filled by compatriot Fabio Di Giannantonio, who has penned a one-year contract. Di Giannantonio found himself without a ride for 2024 after last month's announcement that Marquez was moving to Gresini. The 25-year-old Di Giannantonio ended the season strongly, claiming third place in Australia and then securing his first MotoGP victory in Qatar.

Motor Racing: Honda replaces world champion Marc Marquez with Luca Marini

India is set to create a Sporting milestone as the Indian Grand Prix marks the culmination of years of dedicated efforts to bring top-tier international bike riders at the Buddh International Circuit for the first time.

Moto GP 2023: All you need to know about top riders competing at Bharat Grand Prix - Part 2

Moto GP 2023: All you need to know about top riders competing at Bharat Grand Prix - Part 1

Honda will embrace Tesla's charging system, joining Ford, GM, and other manufacturers of electric vehicles in doing so, the company said on Thursday. Honda Motor Co. declared that its 2015 launch of electric vehicle models in North America will make use of Tesla's fast-charging connection.

Honda joins Ford, GM and others in adopting Tesla's EV charging technology

Honda Motorcycle & Scooter India has launched its third product in the 160cc motorcycle segment – the new SP160. Available in two variants, the single-disc brake version is priced at INR 117,500, and the higher-spec dual-disc brake version carries a sticker price of INR 121,900. With this pricing, it is positioned between the Honda Unicorn and X-Blade, its 160cc stablemates. The SP160 is not an entirely new offering because it shares its engine and main frame with the Unicorn, making it more of a platform-engineered motorcycle. Nonetheless, the SP160 features a more muscular body than the Unicorn. So, it is likely to appeal to customers looking for a slightly sportier-looking bike, with commuter functionality.

New Honda SP160 launched in India: Simply a Unicorn with sportier looks?

High-flying Aston Martin will be powered by Honda engines from 2026 in what the Formula One team says is "the last piece of the jigsaw".

This represents a return to F1 for Honda, who left in 2021 but retain links with Red Bull and AlphaTauri.

The tie up, announced on Wednesday, comes in the run-up to this weekend's Monaco Grand Prix with Aston Martin a surprise second to world champions Red Bull in the constructors' standings.

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That lofty position is in no small part down to Fernando Alonso, the two-time former champion who has made the podium in four of this season's five races as he revels in his switch from Alpine.

Hailing the Honda link-up, Martin Whitmarsh, Group CEO of Aston Martin Performance Technologies, said: "Our future works partnership with Honda is one of the last parts of the jigsaw puzzle slotting into place for Aston Martin’s ambitious plans in Formula One."

Aston will continue to be powered by Mercedes power units until 2026 when there is a sizeable shift in F1's technical landscape.

"One of the key reasons for our decision to take up the new challenge in F1 is that the world’s pinnacle form of racing is striving to become a sustainable racing series, which is in line with the direction Honda is aiming toward carbon neutrality," said Honda CEO Toshihiro Mibe.

"Honda and our new partner, the Aston Martin F1 Team, share the same sincere attitude and determination to win, so starting with the 2026 season, we will work together and strive for the Championship title."

From 2026 Red Bull and AlphaTauri are linking up with Ford when the existing hybrid power units will rely more on electric energy using 100 percent sustainable fuel.&nbsp;

Audi are also joining the F1 grid from 2026 in a deal to power the Sauber team, currently racing as Alfa Romeo. The other constructors are Ferrari, Mercedes and Renault (Alpine).

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High-flying Aston Martin will be powered by Honda engines from 2026 in what the Formula One team says is "the last piece of the jigsaw". This represents a return to F1 for Honda, who left in 2021 but retain links with Red Bull and AlphaTauri.

High-flying Aston Martin will be powered by Honda engines from 2026 in what the Formula One team says is "the last piece of the jigsaw". This represents a return to F1 for Honda, who left in 2021 but retain links with Red Bull and AlphaTauri. The tie up, announced on Wednesday, comes in the run-up to this weekend's Monaco Grand Prix with Aston Martin a surprise second to world champions Red Bull in the constructors' standings. Also Read: 2023 NBA East Finals: Tatum leads Celtics past Heat in Game 4 to keep series alive That lofty position is in no small part down to Fernando Alonso, the two-time former champion who has made the podium in four of this season's five races as he revels in his switch from Alpine. Hailing the Honda link-up, Martin Whitmarsh, Group CEO of Aston Martin Performance Technologies, said: "Our future works partnership with Honda is one of the last parts of the jigsaw puzzle slotting into place for Aston Martin’s ambitious plans in Formula One." Aston will continue to be powered by Mercedes power units until 2026 when there is a sizeable shift in F1's technical landscape. "One of the key reasons for our decision to take up the new challenge in F1 is that the world’s pinnacle form of racing is striving to become a sustainable racing series, which is in line with the direction Honda is aiming toward carbon neutrality," said Honda CEO Toshihiro Mibe. "Honda and our new partner, the Aston Martin F1 Team, share the same sincere attitude and determination to win, so starting with the 2026 season, we will work together and strive for the Championship title." From 2026 Red Bull and AlphaTauri are linking up with Ford when the existing hybrid power units will rely more on electric energy using 100 percent sustainable fuel. Audi are also joining the F1 grid from 2026 in a deal to power the Sauber team, currently racing as Alfa Romeo. The other constructors are Ferrari, Mercedes and Renault (Alpine). WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Formula One: Honda engines to power Aston Martin from 2026

Honda has outlined the next stage of its European operations by revealing a range of new electrified products. The product offensive in the EV space will be accelerated by three SUVs – the all-electric e:Ny1, ZR-V and CR-V hybrid models, the latter also available as a plug-in hybrid SUV. Honda also showcased its first electric two-wheeler for the region, the EM1 e:. Here's a closer look at each product.

2024 Honda e:Ny1, ZR-V, CR-V, and EM1 e: revealed: New product line-up for Europe | WION Pitstop

With the new Shine 100, Honda Motorcycles has entered the 100cc commuter segment finally. With a redesigned chassis and a new 100cc engine, the Honda Shine 100 is the lightest motorcycle in its segment and it locks horns with the Hero HF-Deluxe and the Bajaj Platina 100. Let's see how this new entry-level model in Honda's portfolio fares on parameters like comfort, durability and running costs.

Honda Shine 100 first ride: Should Bajaj Platina 100 & Hero HF-Deluxe be worried? | WION Pitstop

In the United States, Honda Motor is recalling more than 500,000 CRV sports utility cars amid worries that road salt could corrode the frame and cause the rear trailing arm to separate.

Road salt corrosion triggers Honda recall

Honda announced on Thursday that it is recalling 563,000 CR-V sport utility vehicles sold or registered in cold-weather US states due to a potential issue with road salt causing corrosion to the frame.

The issue caused by weather may cause the rear trailing arm to detach. The recall covers CR-V vehicles from the model years 2007 through 2011, sold or registered in 22 US&nbsp;states and the District of Columbia, where road salt is commonly used.

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The company has stated that dealers will inspect and install a support brace or repair the rear frame, as required, free of charge.

In a filing with the National Highway Traffic Safety Administration, Honda indicated that, depending on the extent of any damage, it might offer to repurchase the recalled vehicles.

However, the company said that the recall repair is not yet ready.

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Although the automaker has received 61 complaints from U.S. customers, it has not received any reports of fatalities or injuries related to the recall.

This is not the first time Honda has faced such an issue with the CR-V. In 2019, the automaker recalled nearly 84,000 CR-V vehicles in Canada for the same issue.

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At that time, Honda believed that the rate of rear frame rust would not affect the structural integrity of the vehicles in the U.S. during their useful life due to the lower usage of unpaved roads and salt.

However, in 2020, the company repurchased a U.S. vehicle after observing rear frame rust and began investigating the issue further.

The CR-V is one of Honda's most popular vehicles in the U.S. and has been one of the automaker's best-selling models for several years. As of 2020, the CR-V had sold more than 5 million units globally since its debut in 1995.

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Honda announced on Thursday that it is recalling 563,000 CR-V sport utility vehicles sold or registered in cold-weather US states due to a potential issue with road salt causing corrosion to the frame.

Honda announced on Thursday that it is recalling 563,000 CR-V sport utility vehicles sold or registered in cold-weather US states due to a potential issue with road salt causing corrosion to the frame. The issue caused by weather may cause the rear trailing arm to detach. The recall covers CR-V vehicles from the model years 2007 through 2011, sold or registered in 22 US states and the District of Columbia, where road salt is commonly used. Also Read | King Charles backs research to investigate links between royal family and slavery The company has stated that dealers will inspect and install a support brace or repair the rear frame, as required, free of charge. In a filing with the National Highway Traffic Safety Administration, Honda indicated that, depending on the extent of any damage, it might offer to repurchase the recalled vehicles. However, the company said that the recall repair is not yet ready. Also Read | Indian posing as fraud prevention specialist dupes many US elderly, gets 33 months prison term Although the automaker has received 61 complaints from U.S. customers, it has not received any reports of fatalities or injuries related to the recall. This is not the first time Honda has faced such an issue with the CR-V. In 2019, the automaker recalled nearly 84,000 CR-V vehicles in Canada for the same issue. Watch | Rivals Iran and Saudi Arabia hold first high-level talks in seven years × At that time, Honda believed that the rate of rear frame rust would not affect the structural integrity of the vehicles in the U.S. during their useful life due to the lower usage of unpaved roads and salt. However, in 2020, the company repurchased a U.S. vehicle after observing rear frame rust and began investigating the issue further. The CR-V is one of Honda's most popular vehicles in the U.S. and has been one of the automaker's best-selling models for several years. As of 2020, the CR-V had sold more than 5 million units globally since its debut in 1995. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

The salty war between Honda and its recalled cars

Global automaker Honda's India unit has announced its entry into electric two-wheeler market. The company aims to start the mass production of EVs by March 2024 and simultaneous launch of its first product in the Indian market.

Honda India Unit's electric drive: HMSI plans five product launches for 2024 | World Business Watch

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