Honda Motor Co. today in Japan announced sweeping organizational changes on 1April 2022 that it says will “transform itself into a mobility company focused on services and solutions that can achieve new growth and new value creation.” It is trying to realize its announced target of carbon neutrality for all products and corporate activities Honda is involved in by 2050.
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Translation: The changes are needed to survive the electrification business, new business, and combined solution business, which will require bolstering the development of software, as well as the strengthening the development of core electrification technologies. Continue reading
Global Light Vehicle Sales Improved in January 2022
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The Global Light Vehicle selling rate improved to 84 mn units/year in January of 2022, up 3% year-over-year, according to consultancy LMC Automotive. Nonetheless, LMC noted that supply chain issues remain the “key headwind for demand, though last month also saw the rapid spread of Omicron deal a blow to some potential market activity.
“Reports of an improving supply environment in some markets, including China, means the worst of the crisis is likely over, it remains the key headwind to sales during 2022, overshadowing concerns over inflation and a more subdued economic outlook.” Continue reading →