Bloomberg reports that Honda's first quarter earnings are up 16% over last year. Honda President President Takeo Fukui attributes the rise in profits to several factors, ranging from the weak Japanese yen making exports cheaper to the success of the new CR-V and Civic in capturing U.S. market share from Detroit's own. While incentives have reduced operating profits in the U.S., the overall outlook is still healthy- primarily due to an increase of 9.5% in overseas production. Which is just as well. Bloomberg also reports that Japan's domestic automotive output may fall, as Riken (Japan's largest maker of piston rings for engines) shut down production after the July 16 earthquake in Niigata prefecture. Pre-quake, Honda's domestic production had already fallen 4.8 percent.
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Found on The Oil Drum, but seems to fit here:
Known as “kei,” or light, cars in Japanese, minis are limited to an engine size of up to 660 cubic centimeters — less than half the size of a Honda Civic — and restricted by law to being no bigger than 11.2 feet long and 5 feet wide.
http://www.charlotte.com/business/story/214747.html
They’re selling better and better.
Honda President President Takeo Fukui attributes the rise in profits to making cars people want at a price they can afford.
There fixed it
Honda President President Takeo Fukui attributes the rise in profits to making cars that for the most part outlast the life of the loan.
Honda President President Takeo Fukui attributes the rise in profits to the 1935 Wagner Act.
^^^^^^
Winner.
They have unions in Japan too Luther. Although they have not been as consistently short sighted as they UAW.