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Honda Receives Type Designation for Level 3 Automated Driving in Japan

Wednesday, November 11, 2020 - 7:00am

TOKYO, Nov 11, 2020 - (JCN Newswire) - Honda Motor Co., Ltd. today announced that it has received the required type designation for Level 3(1) automated driving from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT).

Key Points: 
  • TOKYO, Nov 11, 2020 - (JCN Newswire) - Honda Motor Co., Ltd. today announced that it has received the required type designation for Level 3(1) automated driving from the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT).
  • Honda is planning to launch sales of a Honda Legend equipped with the newly approved automated driving equipment (Traffic Jam Pilot) before the end of the current fiscal year (Ending March 31, 2021).
  • To promote commercialization of Level 3 automated vehicles, the MLIT partially amended the Road Vehicle Act, and the revised act (Act No.
  • At Level 3 of automation, the system monitors the driving environment surrounding the vehicle and takes over driving operations under certain conditions.

Honda: Consolidated Financial Summary for the Fiscal 2nd Quarter Ended September 30, 2020

Friday, November 6, 2020 - 9:07am

Consolidated operating profit for the fiscal second quarter amounted to 282.9 billion yen, an increase of 28.5% compared to the same period last year, due primarily to control of SG&A expenses and cost reduction efforts.

Key Points: 
  • Consolidated operating profit for the fiscal second quarter amounted to 282.9 billion yen, an increase of 28.5% compared to the same period last year, due primarily to control of SG&A expenses and cost reduction efforts.
  • This was despite a decrease in profit related to changes in sales revenue and model mix.
  • Consolidated financial summary for the fiscal first half (6 months) ended September 30, 2020
    - The decrease was due primarily to a decrease in sales revenue from all businesses as a result of the impact of the COVID-19 pandemic.
  • Consolidated financial summary and business-by-business results for the fiscal second quarter (3 months) ended September 30, 2020
    - The decrease was due primarily to a decrease in sales revenue from automobile businesses and unfavorable foreign currency translation effects.