Guangzhou Honda to Build a new Automobile R&D Center.Guangzhou Guangzhou (gwäng`jō`) or Canton (kăn'tŏn`, kăn`tŏn'), city (1994 est. pop. 3,113,800), capital of Guangdong prov., S China, a major deepwater port on the Pearl River delta. , China, July July: see month. 18, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Guangzhou Honda honda a quick release metal eyelet for the end of a lariat. When the restrained animal is no longer required it is not necessary to slacken off the loop and pull it over the head—a very great advantage when working with wild cattle or unbroken horses. Automobile Co., Ltd. (GHAC GHAC Greater Hartford Arts Council (Hartford, Connecticut) ), Honda's automobile production and sales joint venture in China, announced the establishment of a wholly-owned R&D subsidiary in China. With an investment of approximately 2 billion R.M.B. (approximately 30 billion yen*), the new Honda subsidiary, Guangzhou Honda Automobile Research & Development Co., Ltd., will build an automobile R&D facility accompanied by a full-scale full-scale adj. 1. Of actual or full size; not reduced: a full-scale model. 2. Employing all resources; not limited or partial: high-speed high-speed adj. 1. Operated or designed for operation at high speed: a high-speed food processor. 2. Taking place at high speed: a high-speed chase. 3. test course. The company will develop a new automobile product which will be marketed under an original brand of Guangzhou Honda targeting the start of sales in 2010. This new vehicle, which will be a unique product that incorporates various needs specific to the Chinese Chinese, subfamily of the Sino-Tibetan family of languages (see Sino-Tibetan languages), which is also sometimes grouped with the Tai, or Thai, languages in a Sinitic subfamily of the Sino-Tibetan language stock. market, will be developed primarily by the R&D subsidiary of Guangzhou Honda while receiving support from Honda R&D Co.,Ltd. To market this vehicle, Guangzhou Honda plans to use an original Guangzhou Honda brand, which will be differentiated from the Honda brand. This will be the first time a joint venture company of a foreign automaker will develop and market a product under an original brand of the joint venture company in China. Since the start of production in 1999, Guangzhou Honda has been steadily establishing a business foundation in China through various efforts including: expanding production capacity consistent with increasing sales, increasing local content, and strengthening of the dealer network. The establishment of an R&D center in China represents the company's commitment to achieve greater autonomy in the area of R&D, in addition to production and sales, to position the company for further growth in the future as a joint venture company deeply rooted in the local market. Honda has been at the forefront of other companies in introducing new concepts to the automobile industry in China China's automobile industry is in rapid development since year 2000. In 2006, 7.189 million motor vehicles were manufactured in China, making China passed Germany as the third largest automobile maker. , which began full-fledged full-fledged adj. 1. Having reached full development; mature. 2. Having full status or rank: a full-fledged lawyer. 3. Having fully developed adult plumage. Adj. 1. growth in the late 1990s. These achievements include: local production of the latest model Accord in China with Guangzhou Honda, establishment of China's first dedicated automobile dealer network which integrates sales, service, service parts supply and customer service, and China's first full-scale export to Europe of passenger vehicles produced at the Honda Automobile (China) Co., Ltd plant, which is dedicated exclusively to exports. Now, Honda again takes on a new challenge of developing a new product under an original brand of a joint venture company in China. * Calculated based on the exchange rate of 1 R.M.B.= 15 yen About Guangzhou Honda Automobile Research & Development Co., Ltd.
Established: April 2007
Capital Investment: 180 million R.M.B. (approx. 2.7 mil. yen)
Capitalization Ratio: 100% Guangzhou Honda Automobile Co., Ltd.
Initial Investment: Approximately 2 billion R.M.B. (approx.30 bil. yen)
Representative: Shoujie FU, Chairman
Toshinobu HATA, President
Location: Guangzhou, Guangdong Province
Lot Size: Approximately 6 million m2
Facilities: Automobile R&D facility and test course
About Honda Motor Co., Ltd. Honda Motor Co., Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :7267/NYSE:HMC/LSE:HNDA.L) is one of the leading manufacturers of automobiles and power products and the largest manufacture of motorcycles in the world. Honda has always sought to provide genuine satisfaction to people worldwide. The result is more than 120 manufacturing facilities in 30 countries worldwide, producing a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles that bring the company into contact with over 19 million customers annually. For more information, please visit http://world.honda.com. Source: Honda Motor Co., Ltd. Contact: Honda Motor Co., Ltd. Corporate Communications Division corporate_pr@hm.honda.co.jp Telephone: +81-(0)3-5412-1512 Facsimile: +81-(0)3-5412-1545 Japan Corporate News Network. All rights reserved. |
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