Honda Motor Company Limited is a Japanese multinational conglomerate Corporation that has been known as the manufacturer of the automobiles, power equipment, aircraft, and motorcycles. Since the year 1959, it has been the largest manufacturer of motorcycles and the biggest manufacturer of internal combustion where it has been producing more than fourteen million internal combustions of engines every year. In the year 2001, it went on to rank the second largest automobile manufacturer in Japan. Keep on reading to learn more on the net worth and earnings of Honda in the year 2019.
Honda was founded by Soichiro Honda and had an interest in the automobiles. He had worked as a mechanic at ART Shokai Garage, where he had tuned cars and made them compete in car races. In the year 1937, with financing from Kato Shichiro, Honda created Tokai Seiki with the main of it making piston rings.
In the beginning, he experienced severe failures and losses before winning a contract to supply numerous rings to the Toyota Company but later on lost the contract as a result of the poor quality. After he had attended engineering school without completing the studies to qualify to graduate and at the same time visiting various factories across Japan, he was able to understand the quality the Toyota Company wanted.
Honda has grown to become the world largest motorcycle manufacturer since the year 1959. It was the debut Japanese automobile manufacturer to be able to release a luxury brand by the name Acura. This happened in the year 1986, and aside from the core automobiles as well as other motorcycle businesses, Honda has also been manufacturing garden equipment, personal watercraft, and power generators among other products.
Since the year 1986, Honda has evolved, and it has come up with other artificial intelligence research and went on to release their ASIMO robot in the year 2000. The company has had a chance to venture into the aerospace with the creation of GE Honda Aero Engine in the year 2004 and Honda AA-420 HondaJet.
Honda has grown to become a leading seller when it comes to cars, motorcycles, and jets that are used all over the world. They cater to a different variety of people who earn different earnings. They have high-end cars for rich people while they also cater to medium families.
Net Worth & Earnings
In the year 2013, Honda Company invested a total of $6.8 billion in research and development. As of the year 2016, it’s valued over $58.9 billion. The company is estimated to be making sales of over $138.6 billion every year. The fact that they have diverse cars for different classes of people has seen making huge profits every year. Currently, the net income of Honda is more than $380 billion.
Honda has its headquarters in Minato Tokyo Japan. The company has its shares trading at Tokyo Stock Exchange and New York Stock Exchange as well other markets all over the world. The company has also established assembly plants in various parts of the world including India and the Philippines.