Honda (HMC) enters collaboration agreement with TSMC

Japan announces $1.8B in subsidies for storage battery, chip projects

Industry Minister Yasutoshi Nishimura announced Friday that Japan will provide as much as $1.8 billion in subsidies for a slate of storage battery and chip-related projects, marking Tokyo's latest push towards greater supply chain security.

The Japanese government plans to give up to 184.6 billion yen ($1.38 billion) in subsidies for eight storage battery-related proposals and up to 56.4 billion yen for two semiconductor-related projects,... More

Honda (HMC) and Honda USA award over $2.7M to advance environmental conservation activities

Japanese automaker, Honda (NYSE: HMC) and the Honda USA Foundation announced Thursday that they have awarded more than $2.7 million in funding to a variety of environmental education and conservation initiatives across the U.S.

The funding includes $625,000 to support The Nature Conservancy (TNC) programs across 10 states and an additional $2 million in financial grants to 67 organizations undertaking environmental and conservation initiatives across multiple... More

Honda (HMC) and GS Yuasa to invest $3b for battery development

The Nikkei news reports Thursday that Honda Motor (NYSE: HMC) alongside battery maker GS Yuasa Corp will invest over 400 billion yen ($2.99 billion) and team up to produce batteries for electric vehicles (EVs) and homes.

The report states that the companies will... More

Honda's (HMC) Briefing on 2023 Goals and Progress

Honda Motor Co., Ltd. (NYSE: HMC) today held a press briefing on the progress it has achieved toward its business transformation and electrification. The Honda executives presenting at the event included the following:

- Toshihiro Mibe, Director, President and Representative Executive Officer

- Shinji Aoyama, Director, Executive Vice President and Representative Executive Officer

A summary of the briefing follows:

1. Five Key Factors Honda is focused on

Honda strives to realize the joy and freedom of mobility for people around the world with zero environmental impact and zero traffic collision fatalities... More

Mercedes-Benz launches new E-Class, its final ICE vehicle

Mercedes-Benz on Tuesday announced the launch of the German luxury automakers final new combustion engine model - the next generation of the E-Class. The new vehicle will be built in Germany and China and go on sale in Europe in the third quarter of this year.

It will... More