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Automotive Industry Analysis

Essay by   •  June 16, 2012  •  Case Study  •  1,976 Words (8 Pages)  •  1,275 Views

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ts; he believed that well-built products would sell themselves. Soichiro use to work as a mechanic, it's from there that he taught himself how to be an engineer. He drafted designs in hope to sell them to Toyota but he was unsuccessful. That didn't stop him from pursuing his dream. He continued to perfect his designs and was willing to pawn everything he had to chase this dream. Soichiro eventually used a small engine on a motorcycle to build a car, this idea created Honda's Technical Research Institute. From there marked the beginning of Honda Motor Company. The company currently has assembly plants located all over the world, but is headquartered in Tokyo, Japan.

Since 1948 Honda surpassed Nissan in 2001 and became the second largest Japanese automobile maker and in 2008 it surpassed Chrysler as the fourth in the United States. Even with their success they were still not prepared for the global financial crises of 2008. Even though the crisis was caused by U.S. credit and housing markets, it affected the automobile industry tremendously. As other automobile manufacturers like the Detroit Big Three (General Motors, Ford, and Chrysler) and Toyota's sales decreased, Honda reported a 1% increase.

Honda shares trade mainly on the Tokyo Stock Exchange and the New York Stock Exchange. They began trading publicly in 1957; just nine year after Honda was founded. Thets; he believed that well-built products would sell themselves. Soichiro use to work as a mechanic, it's from there that he taught himself how to be an engineer. He drafted designs in hope to sell them to Toyota but he was unsuccessful. That didn't stop him from pursuing his dream. He continued to perfect his designs and was willing to pawn everything he had to chase this dream. Soichiro eventually used a small engine on a motorcycle to build a car, this idea created Honda's Technical Research Institute. From there marked the beginning of Honda Motor Company. The company currently has assembly plants located all over the world, but is headquartered in Tokyo, Japan.

Since 1948 Honda surpassed Nissan in 2001 and became the second largest Japanese automobile maker and in 2008 it surpassed Chrysler as the fourth in the United States. Even with their success they were still not prepared for the global financial crises of 2008. Even though the crisis was caused by U.S. credit and housing markets, it affected the automobile industry tremendously. As other automobile manufacturers like the Detroit Big Three (General Motors, Ford, and Chrysler) and Toyota's sales decreased, Honda reported a 1% increase.

Honda shares trade mainly on the Tokyo Stock Exchange and the New York Stock Exchange. They began trading publicly in 1957; just nine year after Honda was founded. They currently have 1.8 billion shares outstanding.

Automotive Industry Analysis

Market Structure

The automotive industry designs, develops, markets, manufactures, and sells motor vehicles. ts; he believed that well-built products would sell themselves. Soichiro use to work as a mechanic, it's from there that he taught himself how to be an engineer. He drafted designs in hope to sell them to Toyota but he was unsuccessful. That didn't stop him from pursuing his dream. He continued to perfect his designs and was willing to pawn everything he had to chase this dream. Soichiro eventually used a small engine on a motorcycle to build a car, this idea created Honda's Technical Research Institute. From there marked the beginning of Honda Motor Company. The company currently has assembly plants located all over the world, but is headquartered in Tokyo, Japan.

Since 1948 Honda surpassed Nissan in 2001 and became the second largest Japanese automobile maker and in 2008 it surpassed Chrysler as the fourth in the United States. Even with their success they were still not prepared for the global financial crises of 2008. Even though the crisis was caused by U.S. credit and housing markets, it affected the automobile industry tremendously. As other automobile manufacturers like the Detroit Big Three (General Motors, Ford, and Chrysler) and Toyota's sales decreased, Honda reported a 1% increase.

Honda shares trade mainly on the Tokyo Stock Exchange and the New York Stock Exchange. They began trading publicly in 1957; just nine year after Honda was founded. They currently have 1.8 billion shares outstanding.

Automotive Industry Analysis

Market Structure

The automotive industry designs, develops, markets, manufactures, and sells motor vehicles. ts; he believed that well-built products would sell themselves. Soichiro use to work as a mechanic, it's from there that he taught himself how to be an engineer. He drafted designs in hope to sell them to Toyota but he was unsuccessful. That didn't stop him from pursuing his dream. He continued to perfect his designs and was willing to pawn everything he had to chase this dream. Soichiro eventually used a small engine on a motorcycle to build a car, this idea created Honda's Technical Research Institute. From there marked the beginning of Honda Motor Company. The company currently has assembly plants located all over the world, but is headquartered in Tokyo, Japan.

Since 1948 Honda surpassed Nissan in 2001 and became the second largest Japanese automobile maker and in 2008 it surpassed Chrysler as the fourth in the United States. Even with their success they were still not prepared for the global financial crises of 2008. Even though the crisis was caused by U.S. credit and housing markets, it affected the automobile industry tremendously. As other automobile manufacturers like the Detroit Big Three (General Motors, Ford, and Chrysler) and Toyota's sales decreased, Honda reported a 1% increase.

Honda shares trade mainly on the Tokyo Stock Exchange and the New York Stock Exchange. They began trading publicly in 1957; just nine year after Honda was founded. They currently have 1.8 billion shares outstanding.

Automotive Industry Analysis

Market Structure

The automotive industry designs, develops, markets, manufactures, and sells motor vehicles. ts; he believed that well-built products would sell themselves. Soichiro use to work as a mechanic, it's from there that he taught himself how to be an engineer. He drafted designs in hope to sell them to Toyota but he was unsuccessful. That didn't stop him from pursuing his dream. He continued to perfect his designs

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