The year 2010 has started off as a financial success for the Honda Motor Company who has seen profits with a net income of just over 72 billion Yen in Q1 of January-March. Honda were hit by the recession hard back in 2009 when in the same period, they saw a loss of nearly 179 billion Yen but are celebrating the improved situation this year. Honda Motor Company was originally set up in the late 1940's by Japanese entrepreneur Soichiro Honda who aimed to produce a cheap method of transport for those after the Second World War. The company found a niche in the production of Motorcycles and release the 'C' model which was considered a success.
This led to the production of what was later known as the 'Dream D' model which was an inexpensive bike with three horsepower and two-speed transmission. Honda then continued on his journey to produce a vast array of machines and Honda motorcycle parts which resulted in the eventual trust of the consumer and financial success. Having moved on significantly both in technological advances and history, Honda have celebrated great success this year. This is due to many factors including a great increase in the operations of Asia which increased by 28.2%. This is due to both increased numbers of motorcycles and automobiles sold, as well as the changes in currency translations.
This led to the production of what was later known as the 'Dream D' model which was an inexpensive bike with three horsepower and two-speed transmission. Honda then continued on his journey to produce a vast array of machines and Honda motorcycle parts which resulted in the eventual trust of the consumer and financial success. Having moved on significantly both in technological advances and history, Honda have celebrated great success this year. This is due to many factors including a great increase in the operations of Asia which increased by 28.2%. This is due to both increased numbers of motorcycles and automobiles sold, as well as the changes in currency translations.
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