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Honda Reports Q1 2014-2015 Sales Results

Honda reported sales of 4.137 million motorcycles over its first quarter ended June 30, 2014. That represents a 2.0% increase over the results of the same quarter the previous year, which doesn’t sound like much. But then you remember that 2.0% still represents an additional 83,000 motorcycles (including ATVs), such is the scale involved in a company like Honda.

Hero MotoCorp Forms Joint Venture with Magneti Marelli

Indian manufacturer Hero MotoCorp is teaming up with electronic fuel injection expert Magneti Marelli in a new joint venture. Hero will hold a 60% share in the company with Magenti Marelli controlling the other 40%. The two companies are initially investing a combined US$8.5 million into the joint venture, with a planned  investment of US$27 million total over the next ten years.

Honda Reports Q3 2011-2012 Results

Honda reported a 41% decrease in net income over the third quarter, thanks primarily to the rising Japanese yen, continuing effects from the Japanese earthquake and floods in Thailand interrupting automobile production. Thanks to recovering auto sales and growing motorcycle sales in emerging markets, Honda reported a net profit of 47.6 billion yen (US$624 million) in the quarter ended Dec. 31, 2011.