Leading maker of automobiles
1919 Torrance Blvd.
Torrance, CA 90501
Employees 144,000 worldwide
CEO: Takeo Fukui
Stock Symbol: HMC
Honda is one of the world's largest engine
manufacturers and a leading producer of motorcycles, automobiles
and power equipment. Headquartered in Japan, American Honda has
headquarters in Torrance, CA.
In 2005, Honda reached more than 21.2 million
customers worldwide through its three core business lines - motorcycles,
automobiles and power equipment.
Honda opened its first U.S. plant in 1979
and now directly employs more than 25,000 Americans. More than
100,000 workers are employed at authorized Honda automobile,
motorcycle and power-equipment dealerships in the United States.
Tens of thousands of additional Americans are employed by more
than nearly 600 U.S. suppliers from which Honda purchases parts
Honda now has 12 major plants in North
America, producing a range of products and components including
Honda and Acura cars and light trucks; Honda motorcycles, ATVs,
personal watercraft, lawn mowers; and engines and transmissions.
Honda said it will invest approximately
$665 million and increase employment by more than 1,900 associates
to expand North American automobile, engine and transmission
production operations by 2008.
The expansion includes a new U.S. auto
plant in Indiana (annual capacity of approximately 200,000 units),
a new engine plant in Canada to produce 200,000 4-cylinder engines
for Honda's existing auto plant in Canada, and expansion of component
production at Honda's engine and transmission plants in Ohio
As a result of this expansion, Honda's
automobile production capacity in North America will increase
from 1.4 million to 1.6 million units in 2008, using domestic
and globally sourced parts.
Honda purchased more than $16 billion in
parts and materials from U.S. suppliers for the fiscal year ending
Fiscal 2006 revenue for Honda worldwide
was $9.9 billion yen and net income of $597.0 million yen.
In 1946, Soichiro Honda establishes the
Honda Technical Research Institute and in 1947, produced its
first product, the A-type bicycle engine for motorbikes. Honda
Motor Company was born in 1948.
American Honda Motor Co. opens in Los Angeles
In 1960, Honda begins motorcycle production
at its Suzuka factory in Japan. Auto production begins in 1964
in Sayama, Japan.
The Honda Civic automobile makes its debut
in 1972. In 1977, the Civic ranked first in U.S. automotive fuel-economy
tests for the fourth consecutive year.
In 1979, Honda of America manufacturing
opens and begins motorcycle assembly.
In 1982, Honda of America begins assembly
of the Honda Accord. Honda Research of America opens in 1984.
By 1989, the Accord would become the best
selling auto in the U.S.
In 1996, Honda introduces the Acura CL,
developed and produced in the U.S., using parts from around the
In 2000, Honda broke ground on a $440 million
auto plant near Lincoln, AL.
In 2002, the Honda Civic Hybrid becomes
the first mainstream gas/electric hybrid to be sold in the U.S.
In 2003, Honda manufactured its 10 millionth
vehicle in the U.S.
Honda provides a comprehensive benefits
program, which includes health, life, disability, paid time off
and retirement plans.
Honda offers training opportunities in
the areas below:
The Associate Learning & Organizational Development Department
uses a Web-based-learning management system to administer associate
Other training programs offered outside the company may be approved
for an associate if the training directly relates to the associate's
Financial reimbursement is available for job-related and business-related
degrees, as well as certificate, technical and vocational programs.
Updated September 17, 2006