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Senior Managing Director Ito to take helm of Honda in June

TOKYO, Japan - Honda Motor Co. Senior Managing Director Takanobu Ito speaks at a press conference on Feb. 23 announcing his promotion to president in June to lead Japan's second-largest automaker amid the deepening global economic slump.

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Senior Managing Director Ito to take helm of Honda in June

TOKYO, Japan - Honda Motor Co. Senior Managing Director Takanobu Ito (L) and President Takeo Fukui shake hands during a news conference in Tokyo on Feb. 23, announcing Ito's promotion to president in June to lead Japan's second-largest automaker amid the deepening global economic slump. Fukui, 64, who will become an adviser and remain on the board, said he will make way for Ito, 55, to rejuvenate Honda's management at a time when Honda is suffering from dwindling auto sales and the yen's steep appreciation against other key currencies.

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Honda offers new Insight hybrid priced lower than Toyota Prius

TOKYO, Japan - Takeo Fukui, president of Honda Motor Co., Japan's second-largest automaker, replies to questions from reporters at a Tokyo hotel Feb. 5, as the company unveiled the all-new Insight hybrid car priced lower in Japan than its bigger rival Toyota Motor Corp.'s Prius and other fuel-efficient cars.

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Honda to withdraw from F1 due to global economic downturn

TOKYO, Japan - Honda President Takeo Fukui told a press conference in Tokyo on Dec. 5 that his company will withdraw from Formula One, making 2008 its last season in F1 motor racing. He said the business conditions of the second-largest Japanese automaker have rapidly deteriorated amid the worldwide economic downturn and it can no longer bear the operating costs for F1.

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Honda to withdraw from F1 due to global economic downturn

TOKYO, Japan - Honda Motor Co. President Takeo Fukui announced at a press conference in Tokyo on Dec. 5 that Japan's second-largest automaker will withdraw from Formula One by the end of this year. Honda cited as reasons rapidly deteriorating business conditions due to the global financial turmoil and the worldwide economic downturn.

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Honda to withdraw from F1 due to global economic downturn

TOKYO, Japan - This file photo taken in October shows a Honda Motor Co. car advancing to the finals in the Formula One Japanese Grand Prix at Fuji Speedway in Shizuoka Prefecture. Honda said Dec. 5 that Japan's second-largest automaker will withdraw from Formula One by the end of this year, citing rapidly deteriorating business conditions due to the global financial turmoil and the worldwide economic downturn.

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Nissan to post 3rd straight half-year of record profits

TOKYO, Japan - Carlos Ghosn, Nissan Motor Co. president and chief executive officer, holds a news conference Oct. 18 at the company's headquarters in Tokyo. The second-largest Japanese automaker expects to post a record group operating profit of 187 billion yen for the 2001 fiscal first half, which ended Sept. 30, up 39.1% from a year earlier, marking the third consecutive half-year of record profits.

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Nissan to take 34% stake in Mitsubishi Motors

YOKOHAMA, May 12 Kyodo - Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker.

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Honda to withdraw from F1 due to global economic downturn

TOKYO, Japan - This file photo taken in October shows a Honda Motor Co. car advancing to the finals in the Formula One Japanese Grand Prix at Fuji Speedway in Shizuoka Prefecture. Honda said Dec. 5 that Japan's second-largest automaker will withdraw from Formula One by the end of this year, citing rapidly deteriorating business conditions due to the global financial turmoil and the worldwide economic downturn. (Kyodo)

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Honda to withdraw from F1 due to global economic downturn

TOKYO, Japan - Honda President Takeo Fukui told a press conference in Tokyo on Dec. 5 that his company will withdraw from Formula One, making 2008 its last season in F1 motor racing. He said the business conditions of the second-largest Japanese automaker have rapidly deteriorated amid the worldwide economic downturn and it can no longer bear the operating costs for F1. (Kyodo)

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Honda to withdraw from F1 due to global economic downturn

TOKYO, Japan - Honda Motor Co. President Takeo Fukui announced at a press conference in Tokyo on Dec. 5 that Japan's second-largest automaker will withdraw from Formula One by the end of this year. Honda cited as reasons rapidly deteriorating business conditions due to the global financial turmoil and the worldwide economic downturn. (Kyodo)

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Honda offers new Insight hybrid priced lower than Toyota Prius

TOKYO, Japan - Takeo Fukui, president of Honda Motor Co., Japan's second-largest automaker, replies to questions from reporters at a Tokyo hotel Feb. 5, as the company unveiled the all-new Insight hybrid car priced lower in Japan than its bigger rival Toyota Motor Corp.'s Prius and other fuel-efficient cars. (Kyodo)

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Senior Managing Director Ito to take helm of Honda in June

TOKYO, Japan - Honda Motor Co. Senior Managing Director Takanobu Ito (L) and President Takeo Fukui shake hands during a news conference in Tokyo on Feb. 23, announcing Ito's promotion to president in June to lead Japan's second-largest automaker amid the deepening global economic slump. Fukui, 64, who will become an adviser and remain on the board, said he will make way for Ito, 55, to rejuvenate Honda's management at a time when Honda is suffering from dwindling auto sales and the yen's steep appreciation against other key currencies. (Kyodo)

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Senior Managing Director Ito to take helm of Honda in June

TOKYO, Japan - Honda Motor Co. Senior Managing Director Takanobu Ito speaks at a press conference on Feb. 23 announcing his promotion to president in June to lead Japan's second-largest automaker amid the deepening global economic slump. (Kyodo)

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Nissan to post 3rd straight half-year of record profits

TOKYO, Japan - Carlos Ghosn, Nissan Motor Co. president and chief executive officer, holds a news conference Oct. 18 at the company's headquarters in Tokyo. The second-largest Japanese automaker expects to post a record group operating profit of 187 billion yen for the 2001 fiscal first half, which ended Sept. 30, up 39.1% from a year earlier, marking the third consecutive half-year of record profits.

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Nissan to take 34% stake in Mitsubishi Motors

Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn speaks at a press conference in Yokohama on May 12, 2016. Nissan and Mitsubishi Motors Corp. said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn speaks at a press conference in Yokohama on May 12, 2016. Nissan and Mitsubishi Motors Corp. said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn speaks at a press conference in Yokohama on May 12, 2016. Nissan and Mitsubishi Motors Corp. said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Nissan Motor Co. President and Chief Executive Officer Carlos Ghosn (L) and Mitsubishi Motors Corp. Chairman Osamu Masuko shake hands following a press conference in Yokohama on May 12, 2016. The two companies said that Nissan will take a 34 percent stake in Mitsubishi Motors for 237 billion yen in a deal putting Mitsubishi Motors, stung by a fuel economy cheating scandal, under the wing of Japan's second-largest automaker. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Photo shows the Yokohama headquarters of Nissan Motor Co. on May 12, 2016. It was reported the same day that Nissan will take a 34 percent stake in Mitsubishi Motors Corp. for 237 billion yen, in a capital tie-up that will put the scandal-hit smaller rival under the wing of Japan's second-largest automaker. The photo was taken from a Kyodo News helicopter. (Kyodo) ==Kyodo

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Nissan to take 34% stake in Mitsubishi Motors

Photo shows the Tokyo headquarters of Mitsubishi Motors Corp. in Minato Ward on May 12, 2016. It was reported the same day that Nissan will take a 34 percent stake in Mitsubishi Motors Corp. for 237 billion yen, in a capital tie-up that will put the scandal-hit smaller rival under the wing of Japan's second-largest automaker. The photo was taken from a Kyodo News helicopter. (Kyodo) ==Kyodo