Honda Retools New Product Lineup, Boosts Profit Estimates
Honda's reputation as a manufacturer of green automobiles is about to get a little greener: the company is retooling much of its product line, including the popular Honda Civic, to boost fuel economy and keep auto prices low. Given the lingering financial crisis plaguing most of the world and oil prices that have shot from $30 to $80 a barrel in a handful of weeks, Honda's strategy of efficiency-meets-economy seems a smart one.
Honda's guiding principle seems to be refining production in the areas it knows best and limiting expansion of its lineup. Accordingly, Honda has nixed plans for some larger, sportier models with eight-cylinder...
Honda's reputation as a manufacturer of green automobiles is about to get a little greener: the company is retooling much of its product line, including the popular Honda Civic, to boost fuel economy and keep auto prices low. Given the lingering financial crisis plaguing most of the world and oil prices that have shot from $30 to $80 a barrel in a handful of weeks, Honda's strategy of efficiency-meets-economy seems a smart one. Honda's guiding principle seems to be refining production in the areas it knows best and limiting expansion of its lineup. Accordingly, Honda has nixed plans for some larger, sportier models with eight-cylinder... Read More
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