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Honda Announces Strong Third Quarter

Honda Motor Co., Ltd., has announced its consolidated financial results for the fiscal third quarter which ended December 31, 2013. Honda’s consolidated net income attributable to Honda Motor Co., Ltd. for the fiscal third quarter ended December 31, 2012 totaled $894 million, an increase of 62.5% from the same period last year.

Piaggio Slashes Vespa LX125 Prices in India to Bolster Slow Sales

Piaggio launched its Vespa scooter brand at last January’s Indian Auto Expo to much fanfare but sales have fallen short of expectations. The Vespa LX125 launched in Indian showrooms in April as the first new Vespa scooter offered in the country in 13 years, but Piaggio has only sold about 25,000 units. That might seem like a lot, and would be, for the U.S.

Honda To Build All-Green Test Track For E-Bikes And Cars

Honda has been making motions about its intentions to enter the electric motorcycle market with the RC-E concept bike and the Mugen Shinden Ni electric race bike (pictured above). Those plans are further bolstered by the news Honda will be constructing a test track dedicated entirely to the development of electric motorcycles and cars. Building an entirely new test track requires a massive amount of  resources, and Honda intends to make this project 100% self-sustainable by using 70,000 solar panels, spread out over 33 hectares, with the track and remaining facilities taking up another 25 hectares.