Right Lane Cruiser
10-11-2008, 05:58 PM
Honda, which has never manufactued an eight-cylinder engine, has long behaved as if the world truly is running out of resources—oil included. (http://cms.ibj.com/ASPXPages/6iframes/FrontEndArticlesDetailPage.aspx?ArticleID=21543&NoFrame=1)
http://www.cleanmpg.com/photos/data/501/2006_Honda_Civic_Hybrid_Left_Front.jpgAnthony Schoettle - Indianapolis Business Journal (http://cms.ibj.com) – Oct 11, 2008
Honda leads the way again! -- Ed.
Fueled by its line of gas-sipping economy cars, Honda is expanding in Indiana as car manufacturers almost everywhere else are shrinking. And the 2,000 jobs the Japanese automaker is promising in Greensburg by 2010 could be just the beginning.
The Greensburg plant is dedicated to making four-door Civics, but the new facility is set up to take on other lines, including hybrids and natural-gas vehicles, two areas where Honda is an innovator.
Initially, it looks like the $550 million plant will have its hands full meeting the escalating demand for the Civic. While U.S. auto sales overall have declined nearly 13 percent in the first nine months of the year, Honda has seen sales of the Civic—which started rolling off the line at the Greensburg facility Oct. 9—increase more than 12 percent over the same period a year ago. Civics account for almost 300,000 of the 1.2 million vehicles Honda has sold in the United States so far this year.
“We’re seeing a shift of share in the auto industry, and Honda is in a strong position to take advantage of the current climate,” said Bob Schnorbus, chief economist for J.D. Power & Associates, a California-based global marketing information and research firm. “As the economy has been squeezed and gas prices remain high, Honda’s position in many ways has never been better than it is right now.”
There are a number of factors leading to the trend. Price point for consumers squeezed by the economic crunch is one of the biggest. The Civic costs between $15,000 and $23,000. Sky-high gas prices bringing… http://cms.ibj.com/ASPXPages/6iframes/FrontEndArticlesDetailPage.aspx?ArticleID=21543&NoFrame=1
http://www.cleanmpg.com/photos/data/501/2006_Honda_Civic_Hybrid_Left_Front.jpgAnthony Schoettle - Indianapolis Business Journal (http://cms.ibj.com) – Oct 11, 2008
Honda leads the way again! -- Ed.
Fueled by its line of gas-sipping economy cars, Honda is expanding in Indiana as car manufacturers almost everywhere else are shrinking. And the 2,000 jobs the Japanese automaker is promising in Greensburg by 2010 could be just the beginning.
The Greensburg plant is dedicated to making four-door Civics, but the new facility is set up to take on other lines, including hybrids and natural-gas vehicles, two areas where Honda is an innovator.
Initially, it looks like the $550 million plant will have its hands full meeting the escalating demand for the Civic. While U.S. auto sales overall have declined nearly 13 percent in the first nine months of the year, Honda has seen sales of the Civic—which started rolling off the line at the Greensburg facility Oct. 9—increase more than 12 percent over the same period a year ago. Civics account for almost 300,000 of the 1.2 million vehicles Honda has sold in the United States so far this year.
“We’re seeing a shift of share in the auto industry, and Honda is in a strong position to take advantage of the current climate,” said Bob Schnorbus, chief economist for J.D. Power & Associates, a California-based global marketing information and research firm. “As the economy has been squeezed and gas prices remain high, Honda’s position in many ways has never been better than it is right now.”
There are a number of factors leading to the trend. Price point for consumers squeezed by the economic crunch is one of the biggest. The Civic costs between $15,000 and $23,000. Sky-high gas prices bringing… http://cms.ibj.com/ASPXPages/6iframes/FrontEndArticlesDetailPage.aspx?ArticleID=21543&NoFrame=1