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Honda Predicts 5% Increase in North American Motorcycle Sales in 2011-2012 Forecast

Honda Motor Co. announced its forecasts for the fiscal year ending March 31, 2012. Left out of Honda’s previous fiscal report because of the uncertainty created by the March 11 earthquake, the 2011-2012 forecast predicts a 63% decrease in net income compared to the 2010-2011 results.

Flooding in Thailand Not Expected to Affect Honda Motorcycle Production

Severe flooding in Thailand has disrupted Honda’s automobile production but the company’s motorcycle production is expected to proceed normally. Hundreds have been died since July due to heavy flooding in Thailand and several provinces remain underwater as the Asian nation experiences its worst floods in 50 years. Heavy monsoon rains from multiple storm systems over the last few weeks have added to the problem, affecting millions in northern and central Thailand.

Honda has applied for a European Vehicle Type Approval for a new model

Earlier this year, a Japanese company patented the name and layout of the new NT1100 model. A while later, renderings of what a sports touring car with the engine and transmission from the CRF1100 Africa Twin might look like appeared on the network. Since then, no new information about the appearance of the NT1100 has been leaked, but just the other day it became clear that the model will be presented soon.