Honda announces future business strategy

Honda President and Chief Executive Officer Takanobu Ito has revealed the company’s future business strategy. The strategy includes Honda’s plans for vehicle production in its key markets, including Japan. There is also a focus on emerging markets and the launch of fuel-efficient and alternatively fuelled models aimed at reducing carbon dioxide emissions. This latest business strategy highlights the automaker’s on-going commitment to ensuring long-term financial growth amid a changing business environment, tightening emission standards, and a shifting focus towards alternatively fuelled vehicles. (July 20, 2010)