Friday, April 20, 2012

Honda Investing in America: Manufactured in America and Jobs in America

Manufactured in America:
  • $12.3 billion capitol investment in the U.S. since 1979
  • 9 manufacturing facilities in America with two more under construction
  • 85 percent of Honda and Acura automobiles sold in the U.S. in 2011 were manufactured in North America, the highest rate of any international automoater.
  • Celebrating 30 years of auto manufacturing in the U.S. in 2012
Jobs in America:

  • More than 26,000 Americans directly employed by Honda, with $1.85 billion in annual payroll
  • Not a single layoff in more thatn 50 years of American Honda operations in the U.S.
  • 1,290 new manufacturing jobs in America--150 in Ohio, 140 in Alabama, and 1,000 in Indiana
  • 134,000 jobs created by American Honda dealerships across the U.S.
New Investment in U.S. Manufacturing
      Honda has begun making $779 million in new investments at five of the company's U.S. manufacturing facilities.

East Liberty Auto Plant
  • Assembly line extension
  • Vehicle quality department expansion                         $166 Million
  • On-site parts consolidation center
Marysville Auto Plant
  • New Stamping Press                                                 $64 Million
Anna Engine Plant
  • New assembly line for production of advanced
technology components                                                   $129 Million
  • On-site parts consolidation center
Russells Point Transmission Plant
  • Third transmission assembly line
  • Expansion for the production of fuel-efficient                $145 Million
       continuously variable transmissions (CVT)

Lincoln Auto Plant
  • Expansion for 40,000-unit production increase              $275 Million
       to 340,000 vehicles and V-6 engines/year

Thursday, April 19, 2012

Honda Takes Home the Top Prize's in Second Annual Best Retained VAlue Award

Honda and Acura took home the top prizes in’s second annual Best Retained Value® Awards, which recognize the brands and new car models that have the highest projected residual value after five years, expressed as a percentage of their True Market Value® (TMV®) when sold new.
Honda won the 2012 brand award for non-luxury makes for the second consecutive year, while Acura took home the luxury brand award for the first time. found that Honda’s average projected retained value after five years is 47.9%, while Acura’s average projected retained value is 44.6%. In each case, the percentage is based on the average five-year retained value of the carmaker’s 2012 models that launched prior to the end of 2011.
“Honda has long had a reputation for dependable used vehicles, and that is reflected in today’s booming used car market,” said Joe Spina, Director of Remarketing at “And with Acura beating out all other luxury brands, Honda’s family of vehicles continues to expand the company’s status as one of the best values available to car buyers today.” named a total of 23 winners in its model-level categories, ranging from “Sedans Under $20,000” to “Large Heavy Duty Trucks.” Ford led all carmakers with five model-level awards, followed by Honda with four. (A full list of the model-level winners can be found in Appendix I at the end of this release).
All model year 2012 vehicles that were launched by the end of 2011 and that had unit sales in February 2012 that were at least 20 percent of the average unit sales for the models in its segment were eligible for this year’s model-level Best Retained Value® Awards. Edmunds determined each model’s competitive segment based on its body type and the sales-weighted average MSRP of all available styles (excluding destination charges) of that model’s body type. All makes that had over 100,000 unit sales in 2011 were eligible for this year’s brand-level Best Retained Value® Awards.
The Best Retained Value® Awards are given annually