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it does not change the fact Honda increase R&D regardless of sales volume and it does not prevent Honda R&D alliances with other firms.
As per the course, the resident troll once again fails to put the "facts" into proper context.
Much of that R&D spending is investment into Cruise ($2.75 Billion), GM's autonomous driving arm, in addition to more R&D funding directed for the development of GM's skateboard platform and the Ultium batteries.
In the very important movement to autonomous driving (or as close as can get to that) and electrics, Honda is the JUNIOR partner to GM.
GM will not only be providing the platform and batteries for the next Honda BEVs, but will be also building them at a GM plant for Honda (these Honda BEVs will be so GM-like, aside from design, that in addition to getting some form of Super Cruise, they will also be getting GM's On-Star).
Furthermore, there's a portion of the R&D spending for AI and robotics which only have an ancillary relationship to autos.
A criticism have had about HMG is that try to do too much on their own (makes sense to partner up to split costs) - doing everything from BEVs to FCEVs to LNG.
They do, however, have a partnership with Audi for FCEVs, and an ownership stake in Rimac for high performance BEVs.
Recently announced the formation of the Ioniq sub-brand for electrics, which has already paid dividends, send shares soaring, up nearly 10.5%.
As per the course, the resident troll once again fails to put the "facts" into proper context.
Much of that R&D spending is investment into Cruise ($2.75 Billion), GM's autonomous driving arm, in addition to more R&D funding directed for the development of GM's skateboard platform and the Ultium batteries.
In the very important movement to autonomous driving (or as close as can get to that) and electrics, Honda is the JUNIOR partner to GM.
GM will not only be providing the platform and batteries for the next Honda BEVs, but will be also building them at a GM plant for Honda (these Honda BEVs will be so GM-like, aside from design, that in addition to getting some form of Super Cruise, they will also be getting GM's On-Star).
Furthermore, there's a portion of the R&D spending for AI and robotics which only have an ancillary relationship to autos.
A criticism have had about HMG is that try to do too much on their own (makes sense to partner up to split costs) - doing everything from BEVs to FCEVs to LNG.
They do, however, have a partnership with Audi for FCEVs, and an ownership stake in Rimac for high performance BEVs.
Recently announced the formation of the Ioniq sub-brand for electrics, which has already paid dividends, send shares soaring, up nearly 10.5%.
try understand your own link. Honda Investment with GM spread over 12 years. It has nothing to do with current yearly spending of $8B.
you are exaggerating GM importance to Honda.
Honda pouring far more money in China than anywhere else.
https://www.hondanews.ca/en/news/rel...nomous-Vehicle Honda will contribute approximately $2 billion over 12 years to these initiatives, which, together with a $750 million equity investment in Cruise, brings its total commitment to the project to $2.75 billion.
A criticism have had about HMG is that try to do too much on their own (makes sense to partner up to split costs) - doing everything from BEVs to FCEVs to LNG.
Isuzu and Honda Sign an Agreement to Conduct Joint Research on Fuel Cell-powered Heavy-duty Trucks
Oooh - Isuzu!
How very quaint; meanwhile Hyundai has already delivered it's 1st shipment of its heavy duty FCEV Semi to Europe.
Give us an example where Honda has a partnership with a heavy hitter in the industry (sorry, Isuzu doesn't qualify) and where Honda has the lead position?
Hyundai has its partnership with Audi where it has the lead in FCEV development and they've turned down Nikola sev r rally times when approached.
Originally Posted by SSFTSX
try understand your own link. Honda Investment with GM spread over 12 years. It has nothing to do with current yearly spending of $8B.
you are exaggerating GM importance to Honda.
Honda pouring far more money in China than anywhere else.
Of course, but Honda purchased an equity stake in Cruise in addition to committing further funds, as well as committing $ towards the skateboard platform and the Ultium batteries.
Not exaggerating at all when it comes to BEVs.
So GM isn't going to manufacture upcoming BEV models for Honda at one of their plants?
Using essentially GM's platform, batteries and (semi) autonomous driving system.
They'll be less Hondas than the Supra is a Toyota.
If Honda has its own capabilities, why isn't it using its own platform and driving system?
And what major industry player has teamed up with Honda with Honda taking the lead?
How very quaint; meanwhile Hyundai has already delivered it's 1st shipment of its heavy duty FCEV Semi to Europe.
Give us an example where Honda has a partnership with a heavy hitter in the industry (sorry, Isuzu doesn't qualify) and where Honda has the lead position?
Hyundai has its partnership with Audi where it has the lead in FCEV development and they've turned down Nikola sev r rally times when approached.
Of course, but Honda purchased an equity stake in Cruise in addition to committing further funds, as well as committing $ towards the skateboard platform and the Ultium batteries.
Not exaggerating at all when it comes to BEVs.
So GM isn't going to manufacture upcoming BEV models for Honda at one of their plants?
Using essentially GM's platform, batteries and (semi) autonomous driving system.
They'll be less Hondas than the Supra is a Toyota.
If Honda has its own capabilities, why isn't it using its own platform and driving system?
And what major industry player has teamed up with Honda with Honda taking the lead?
BEV is very small part of Honda for next 10 years. As i said dont exagerate GM partnership (GM may well be bankrupt at that time GM withdrawing everywhere internationally. and sell every thing to Honda)
. Honda will first develop in China than Japan and than US. and US market of BEV will be the smallest relative to China or Europe or Japan.
Honda ICE sales are 13 times larger than Tesla in China in July.. Honda just started investment in CTAL.
We are atleast 10 years away before Japanese cars competitive in EU market. Japanese no longer built factories there. that will be time for BEV entrance from Japan to EU which will become 2nd largest market.
https://www.japantimes.co.jp/news/20...uk-trade-deal/ One of Japan’s goals is to get the U.K. to eliminate tariffs on cars at an earlier date. Under its agreement with the EU, the 10 percent tariff on vehicles from Japan is to be eliminated eight years after the deal took effect.
^ Honda is losing what little market share they have in Europe, and that will only continue as they are behind in BEVs.
And all that talk about China sales didn't prevent Honda from taking a huge LOSS last Q and fir 2 consecutive Qs.
You still haven't answered the Q - what major player in the auto industry has teamed up with Honda for future tech where Honda has taken the lead role?
Its not a huge loss ($751m) and it is due to huge R&D spending. China has nothing to with contributing to loss.
Is Isuzu not major auto maker?. All those Chinese firms not major?.
I. Consolidated Financial Summary and category of business results for the Fiscal 1st Quarter ended June 30, 2020
Operating loss: 113.6 billion yen (a year-on-year decrease by 366.1 billion yen) due primarily to a decrease in profit related to changes in sales volume and model mix. This was despite a decrease in selling, general and administrative (SG&A) expenses.
Honda R&D spending is 80% of Toyota but sales volume are less than 40%. so naturally sale decline will create greater loss during a quarter. there is no evidence of R&D spending cut.
Honda R&D spending is 80% of Toyota but sales volume are less than 40%. so naturally sale decline will create greater loss during a quarter. there is no evidence of R&D spending cut.
R&D went from ¥169.852 billion in fiscal Q1 2020 to ¥162.914 billion in their most recently reported fiscal Q1 2021. That's a decrease (i.e. cut) .
And if you look at their prior quarter (fiscal Q4 2020), R&D was ¥224.145 billion which itself is a decrease (i.e. cut) from the ¥231.419 billion in fiscal Q4 2019
R&D went from ¥169.852 billion in fiscal Q1 2020 to ¥162.914 billion in their most recently reported fiscal Q1 2021. That's a decrease (i.e. cut) .
And if you look at their prior quarter (fiscal Q4 2020), R&D was ¥224.145 billion which itself is a decrease (i.e. cut) from the ¥231.419 billion in fiscal Q4 2019
Honda R&D spending is 80% of Toyota but sales volume are less than 40%. so naturally sale decline will create greater loss during a quarter. there is no evidence of R&D spending cut.
Which just further proves that Honda hasn't been the smartest about their R&D spending and in seeing a ROI.
Again, where are the RESULTS?
In what area does Honda lead?
What major automaker has paired up with Honda with Honda being the lead partner?
Within a year's time, Genesis will have 3 BEV models with more on the way.
Acura will have to wait until Cadillac starts manufacturing theirs, and that's about 3 years away.
India urges auto companies to cut royalties to foreign owners
Thought that the Indian market didn't matter?
And really no big deal for Hyundai.
Hyundai India is a wholly-owned subsidiary of Hyundai, unlike for Maruti Suzuki which owns about 56%.
And this is just a request by the govt., and even if they take a regulatory action, they will likely lower the cap to so where around 2 to 3%, down from 5%.
Since Hyundai's royalty take % is just 2.6%, will have a nominal to no effect on Hyundai; even if their royalties get slightly reduced, it's still profit for Hyundai (just has to go on a different route with a different tax treatment).
Which just further proves that Honda hasn't been the smartest about their R&D spending and in seeing a ROI.
Again, where are the RESULTS?
Do you not see the results?. Acura/Honda has the highest resale value of any brand despite selling older technology with no free maintainance and no long term warranties.
The newest BMW 5 series selling for price as Honda Accord touring. the 2020 model is sold 30% less. and you want Honda to waste money in Europe.
I was explaining to Yeh why Honda is not much invested into Europe. Honda has practically eliminated diesel engines. and there is no cheaper production sites left to buit cheaper Honda Accord what is sold in US market.
why would Honda Export Accord from NorthAmerican continent to Europe?
Honda Passport/Pilot/Ridgeline the all the same engine/tranamission/structure. Combined Sales still 19K. you can see from the picture when Honda telling them impact of Honda for local community.
Honda is the most standardized manufacturer in the world. s
Every month you have the same excuse. wait for the new model.
New TLX is launching faster than Genesis G80. ( we have been hearing about this model for a Year). The same will happen to GV80. It will cannabalize sales for regular Hyundai/Kia offerings.
^ Of course it's the same "excuse" because nothing has changed over the past months. Duh!
Take away the MDX and RDX and with only remnants of the old TLX remaining (if produced in Japan with manufacturing having switched to the new model months ago), Acura would be in the same boat (but at a lower price point).
There's a reason why Acura's incentive spending in relation to ATP is among the highest in the industry, up there with Buick and Infiniti. lol
Even with marginal US sales for the moment, Genesis is still making greater profits for Hyundai than Acura is for Honda.
That's not even the top trim Telluride, and one can get a nicely equipped MDX for considerably less.
And there have been Telluride owners "dumping" their lightly used rides for...
another Telluride, opting this time to get the Telluride they always wanted, the top SXP trim.
Doesn't matter to Kia as that just means another sale (now with an even higher margin).
And dealerships have been listing used Tellurides at MSRP.
incentive spending matter not much near end of life when resale values are strong. Honda lease return are profitable. unlike Germanic crap that H/K group is copying.
how many 2020 MDX SH-AWD used you can find in this price? and i can guarantee you they will not be Aspec or Advance trims.
Acura or honda is not stupid that tom tom non existing model from another country coming in boat and still take deposits. They just reveal and deliver soon. you saw the factory start for TLX.
^ Don't you ever LEARN (guess you enjoy remaining the fool)?
Resale matters very little to automakers in comparison to new car sales - both volume and ATP (which includes incentive spending relative to ATP).
Land Rover/Ranger Rovers are at the very top for used models taking the longest time to sell.
You think LR/RR really cares?
They make fat profits from the demand for new vehicle sales.
Automakers don't make $ off used vehicle sales; the seller does.
There are only a couple of Kia dealerships in California that are selling the Telluride (esp. the upper trims) without markups, and they are the smaller volume dealerships in out of the way places.
in luxury vehicle or any vehicle above $40K. Leases are dominant. Some one has to take care of those leases. Honda business model is the only correct one. It produce long term skills, effective R&D, high quality vehicles with world strongest resale values. there is no if and butts about Honda Strategy.
in luxury vehicle or any vehicle above $40K. Leases are dominant. Some one has to take care of those leases. Honda business model is the only correct one. It produce long term skills, effective R&D, high quality vehicles with world strongest resale values. there is no if and butts about Honda Strategy.
You would have a point if the bulk of Acura's sales wasn't below the $40k mark (btw, the Telluride's ATP is over $40k).
And Acura is no where as profitable as brands such as BMW or Mercedes, heck, not even as profitable as the newbie Genesis.
It was Chinese that bailout JLR group after UK refused it.
Um, the "J" in JLR is a money pit, but the LR part makes good $ and if were offered up for sale separately, would be snapped up in an instant.
^ Don't you ever LEARN (guess you enjoy remaining the fool)?
Resale matters very little to automakers in comparison to new car sales - both volume and ATP (which includes incentive spending relative to ATP).
Land Rover/Ranger Rovers are at the very top for used models taking the longest time to sell.
You think LR/RR really cares?
They make fat profits from the demand for new vehicle sales.
Automakers don't make $ off used vehicle sales; the seller does.
There are only a couple of Kia dealerships in California that are selling the Telluride (esp. the upper trims) without markups, and they are the smaller volume dealerships in out of the way places.
You would have a point if the bulk of Acura's sales wasn't below the $40k mark (btw, the Telluride's ATP is over $40k).
And Acura is no where as profitable as brands such as BMW or Mercedes, heck, not even as profitable as the newbie Genesis.
Um, the "J" in JLR is a money pit, but the LR part makes good $ and if were offered up for sale separately, would be snapped up in an instant.
Where you get Acura not profitable when MDX built in Alabama with rest of common Honda products. BMW has to ship engine and transmission from higher priced northern europe to southern US.
Jaguar had electric vehicles and people who worked in UK health service get tax discounts. Honda is not interested in electric vehicles at this point.
Back in 2016, JLR franchises had the highest average profit per dealership at $3.3 million (pretty much due to LR).
Acura's profit per franchise was $1.2 million, less than half of that for Lexus.
Now, this is what the dealerships make and not the automaker, but the health of the dealership network does reflect the overall financial strength of the automaker/brand (Honda as a brand is much stronger financially than Acura).
JLR has very small franchise and there dealerships are not even in prime locations.
in SF bayarea Honda/Acura has dealerships in all prime locations.
This Primo Honda San Carlos new dealership. Most expensive zip code per square foot in california. Atherton and Hillsborough has larger lots so per square foot they cheaper.
few miles down in Land Rover dealership. It will take 100 years in business for that dealership to afford the dealership like Honda.
08-10-2020, 03:20 PM
August 2020
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