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Japanese auto major Honda Motor Co Ltd on Wednesday announced top management changes in its Indian two-wheeler arm with the appointment of Tsutsumu Otani as the President, CEO & Managing Director of Honda Motorcycle & Scooter India. Otani, also a Vice President at Honda Motor Co., Japan, will succeed Atsushi Ogata, who returns to Shanghai, China as the Executive General Manager at Shanghai Branch, Honda Motor (China) Investment Co., Ltd with effect from April 1, 2023, the company said in a statement. In 2022 Otani was appointed as Executive General Manager, Shanghai Branch Honda Motor (China) Investment Co., Ltd. He started his career with Honda Japan in 1997 and held several leadership positions in the company's business in different global markets. Ogata had spearheaded Honda's Indian two-wheeler operations for three years. The company also announced the elevation of Vinay Dhingra, who was earlier Director General & Corporate Affairs, Strategic Information System and ...
Ohio's privatised economic development office has finalised an agreement with Honda to infuse USD 237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub. JobsOhio posted details of the package of three grants on Wednesday. They include a USD 140 million economic development grant for the plant Honda is building jointly with LG Energy Solution of South Korea, a USD 10 million workforce grant for the project itself and USD 87 million to retool Honda's existing facilities. The money, payable over the next 10 years, comes on top of the approximately USD 156.3 million in tax incentives and infrastructure improvements that the state of Ohio is putting toward the project. Officials say the battery plant will be located in rural Fayette County, about 40 miles (64 kilometers) southwest of the state capital of Columbus. Honda and LG have agreed to create 2,527 new jobs and mo
Toshihiro Mibe, a research expert tapped president of Japanese automaker Honda on Friday, promised to steer the company toward new growth by focusing on ecological models and safety technology. Honda Motor Co. said Mibe replaces Takahiro Hachigo effective April 1, and subject to shareholders' approval at a meeting in June. I am going to build a house that is the future of Honda on the foundation of businesses that Mr Hachigo has worked so hard to create. And this building must have resilience, to withstand this once in a hundred years transformation, Mibe told reporters. Mibe stressed the automaker will be aggressive about developing and selling electric vehicles. Mibe, who joined Honda in 1987, had been widely expected to take the top post, according to Japanese media. He was instrumental in further forging Honda's partnership with U.S. automaker General Motors Co. GM and Honda have had a relationship for two decades, centered around collaborating on fuel cells, batteries and ...