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WSJ: New Honda CEO Faces Big Drop in Japan Sales
 Date: July 10, 2003 12:19
 Submitted by:  JeffX
 Source: The Wall Street Journal
 Credibility Rating: N/A


In today's Wall Street Journal the front page of the Marketplace section has an article detailing some of the challenges faced by Honda Motor Co.'s new President, Takeo Fukui.

Mr. Fukui takes the helm as Honda's Japanese Market Sales are sharply down. Models that were red hot just one year ago are suddenly also-rans in the JDM Market. In the U.S., sales remain very strong, yet Honda "has slipped on a key quality measure in the U.S." This "key quality measure" is J.D. Power & Associates' New Car Quality survey, and the slip is from 2nd to 4th place in the ranking. Another "trouble spot" noted in the text is Honda's U.S. Acura division, citing Koichi Amemiya's concession that Acura has sometimes fallen short due to a lack of clear distinction between certain Honda and Acura models. To address this lack of distinction, the Acura brand is in the midst of a makeover, which began with the MDX and will continue with the introduction of the '04 TL (what about the TSX??).

And finally, the company's said to be losing its environmental technologies leadership to the likes of Toyota and GM. This assertion is based on the notion that both companies have "far more ambitious plans for fleets of ultraclean gas-electric hybrid vehicles." Toyota's all-new Prius is trumped as being more efficient than any of Honda's cars.

The column classifies Mr. Fukui as being a strong competitor, mentioning his road to success in the company's motorcycle racing program, and implies that this trait will help Honda surmount the challenges they currently face.

Commentary
Unfortunately at this moment I don't have enough time to address all the points I would like to, but I would like to make one point that probably touches all of the "issues" mentioned by the WSJ. I suppose Honda's incredible secrecy when it comes to the disclosure of future product details and new model introductions probably helped create a slightly dour tone in the WSJ's article. Overall, I believe that Honda is clearly in the running for the leadership role in terms of environmental technology, and they are committed from top to bottom to maintaining that position for quite some time. There have long been rumors of IMA technology appearing in more mainstream models, and I'm willing to wager that Honda will be one of the first to have it in an SUV, Minivan, and/or mid/large sedan, if not a sports car.

On the quality side, I too hope Honda rights the ship and goes back to their former standards. Unfortunately, in many of their vehicles of the past few years, top notch designs have been tainted by going a bit too far in cost-cutting certain areas. I believe a better balance in terms of quality and cost can be achieved. jp

Last edited by JeffX on July 10, 2003 12:22

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Date Subject User
07-10-2003 15:24 Honda's preannoucnement policy   (Score: 1, Normal) hatchback
07-10-2003 19:59 Honda-D
07-11-2003 00:24 rrsihatch02
07-11-2003 16:29 hpower
07-11-2003 17:34 Honda-D
07-11-2003 18:18 notyper
07-12-2003 05:33 Xavi77
07-14-2003 09:36 Honda-D
07-10-2003 16:36 Excellent NY Times article about subject   (Score: 1, Normal) vtechbrain
07-12-2003 10:24 PiCASSO
07-10-2003 12:31 More than meets the eye...   (Score: 1, Normal) KenB
07-11-2003 18:19 notyper
07-11-2003 10:25 Quality   (Score: 1, Normal) CJ Majesty
07-10-2003 12:35 The editor is obviously trying to put down Honda   (Score: 1, Normal) DC2
07-10-2003 21:13 90Accord
07-10-2003 22:23 osaze
07-11-2003 00:20 rrsihatch02
07-10-2003 13:06 Jeff   (Score: 1, Normal) 9000RPM
07-10-2003 14:46 vtechbrain
07-10-2003 22:28 osaze
07-10-2003 14:42 WSJ old story   (Score: 1, Normal) vtechbrain
07-10-2003 16:22 inversereality
07-10-2003 16:26 vtechbrain
07-10-2003 17:32 IMHO
07-10-2003 20:58 notyper
07-10-2003 17:42 How reliable are those studies?   (Score: 1, Normal) GreenyMP
07-10-2003 19:54 Honda-D
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