Honda's Cumulative Motorcycle Production in Brazil Reaches 10 Million Milestone.Sao Paulo, Brazil, Aug 6, 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) - Moto Honda da Amazonia Ltda.(HDA (Head Disk Assembly) The mechanical components of a disk drive (minus the electronics), which include the actuators, access arms, read/write heads and platters. HDA - Head Disk Assembly ), a Honda motorcycle motorcycle, motor vehicle whose design is based on the bicycle. The German inventor Gottlieb Daimler is generally credited with building the first practical motorcycle in 1885. The motorcycle did not become dependable and popular, however, until after 1900. business subsidiary in Brazil, announced Honda's cumulative motorcycle production in Brazil reached 10 million units in August 2007. The commemorative com·mem·o·ra·tive adj. Honoring or preserving the memory of another. n. Something that honors or preserves the memory of another. com·mem ceremony which was held August 3, 2007, at HDA's Manaus plant was attended by dignitaries, guests including officials from local governments, business partners along with Honda associates and Sho Minekawa, Honda's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Regional Operations (South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. ). Honda established HDA in 1975 and began motorcycle production in Brazil in the following year with CG125 model. Honda currently produces 16 models with total annual production capacity of 1.35 million units, which is scheduled to be expanded to 1.5 million units by the end of this year. In the area of motorcycle sales in Brazil, Honda established a strong sales network by offering an installment sales Installment sale The sale of an asset in exchange for a specified series of payments (the installments). installment sale A sale in which the buyer is scheduled to make a series of payments over a period of time. system which is unique to Brazil. The motorcycle market in Brazil is constantly growing and reached approximately 1.27 million units in 2006, a 24% increase from 2005. The market is expected to grow further in 2007 to approximately 1.55 million units, a 22% increase from 2006. Due to strong sales of key products including CG150 TITAN, CG125 FAN and Biz125, Honda's sales is showing rapid growth, achieving 1.02 million units in 2006, a 22% increase from 2005 and 640,000 units for the first six months (January through June) of 2007, a 25% increase from the same period in 2006. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion