| Honda Motor Co. the producer of high quality auto | | | | manufacturing portion is to be announced later on. |
| parts like Honda spark plug wire is to spend | | | | Honda’s US operations are based in Torrance, |
| approximately $40 million for its first jet aircraft | | | | California. |
| factory. The additional investment will raise the | | | | Honda’s American depository receipts was also |
| company’s total venture to $100 million as part | | | | reported to increase by 39 cents to $35.6 at 4:02 pm |
| of the company’s expansion into aviation from | | | | in New York Stock Exchange compose trading but |
| manufacturing motorcycles, autos, and engines. | | | | for this year they have dropped by 9.8 percent. |
| Construction had begun on the Honda Aircraft Co. | | | | About Honda |
| facilities in Greensboro, North Carolina, as announced | | | | Honda Motor Company, Limited or Honda for short is |
| by Honda. The initial stage of the project is expected | | | | a Japanese engine manufacturer and engineering |
| to be finished next year while the first deliveries of | | | | corporation. However the company is most notable in |
| Honda Jet will start in 2010. The Tokyo-based | | | | terms of its automobiles and motorcycles surpassing |
| company also plans to hire a workforce comprising of | | | | Nissan to become the second largest seller of autos |
| 350 people | | | | in Japan. |
| According to Honda’s spokeswoman Alicia Jones | | | | Aside from motorcycle, automobiles and engines |
| in an interview recently, "The factory portion should | | | | Honda also produce other products such as trucks, |
| open by 2009 to allow us to meet our goal of | | | | scooters, robots, jets and jet engines, ATV, water |
| delivering Honda Jets by 2010." She also added that | | | | craft, electrical generators, marine engines, lawn and |
| Honda is building the unit’s headquarters at the | | | | garden equipment, and aeronautical and other mobile |
| site. | | | | technologies. |
| The world’s biggest engine producer and | | | | The high-end lines of cars of Honda are sold under |
| Japan’s second-largest automaker will also | | | | the brand Acura in North America and China. And just |
| compete in aircraft manufacturing with Textron | | | | very recently the company has ventured into the |
| Inc.’s Cessna which is the world’s biggest | | | | world of mountain bikes by producing the very first |
| business-jet maker. Honda has also announced that it | | | | bike that make use of an internal gear changing |
| has been able to get more than 100 orders for its | | | | system in the Honda RN-01 G-cross. |
| $3.65 million Honda Jet that can accommodate as | | | | Honda produces 14 million internal combustion engines |
| many as eight people. | | | | each year making it the largest engine-maker in the |
| The company also said that the aircraft is to be | | | | world. Then in the year 2004, the company has |
| powered by two Honda-designed engined mounted | | | | started producing diesel motors which were very |
| over the wings making the aircraft more fuel | | | | quiet and at the same time do no require for |
| efficient. It will also offer more standard features as | | | | particulate filters to pass pollution standards. |
| compared to its other small rival jets. Honda is | | | | But in all the products that Honda has it is in the |
| preparing three of the planes for test flights in the | | | | motorcycle division where its success is mostly |
| later part of 2008 for the US Federal Aviation | | | | rooted. Honda is headquartered in Tokyo. The |
| Administration certification. | | | | company’s shares trade on the Tokyo Stock |
| Honda had announced last February that it would | | | | Exchange and the New York Stock Exchange as well |
| spend approximately $60 million for its aircraft | | | | as exchanges in Osaka, Nagoya, Sapporo, Kyoto, |
| facilities while additional investment for the | | | | Fukuoka, London, Paris, and Switzerland. |