LSE:HDMA

POSCO and Honda Begin Exploring Comprehensive Partnership Toward the Realization of Carbon Neutrality

Retrieved on: 
Wednesday, April 12, 2023
Partnership, POSCO, Carbon, Carbon fibers

SEOUL, South Korea/TOKYO, Japan, Apr 12, 2023 - (JCN Newswire) - POSCO Holdings Inc. (POSCO) and Honda Motor Co., Ltd. (Honda) today announced that they have begun exploring a comprehensive partnership toward the realization of carbon neutrality.

Key Points: 
  • SEOUL, South Korea/TOKYO, Japan, Apr 12, 2023 - (JCN Newswire) - POSCO Holdings Inc. (POSCO) and Honda Motor Co., Ltd. (Honda) today announced that they have begun exploring a comprehensive partnership toward the realization of carbon neutrality.
  • The two companies reached this agreement based on their belief that it is necessary for the two companies to leverage the strengths of each company, such as environmental and electrification technologies, and explore future collaboration to further accelerate their initiatives toward carbon neutrality.
  • Based on this agreement, the two companies will explore possible collaboration in the following key areas.
  • - Adoption of ultra-high tensile steel sheet, which contributes to the further reduction of vehicle weight, and automotive steel sheet produced through a process that reduces greenhouse gas emissions

Honda: Notice of Change in Capital Structure of Hitachi Astemo including Capital Participation of JIC Capital

Retrieved on: 
Thursday, March 30, 2023
CASE, Keihin Corporation, IPO, JICC, EMS, Limited partnership, Car, Knowledge, Growth, Showa Corporation, Waste management

TOKYO, Mar 30, 2023 - (JCN Newswire) - Hitachi, Ltd. ("Hitachi"), Honda Motor Co., Ltd ("Honda"), JICC-01 Limited Partnership ("JICC-01") managed by JICC-01 G.K., which is a wholly owned subsidiary of JIC Capital, Ltd. ("JICC") and Hitachi Astemo, Ltd. ("Hitachi Astemo") have today agreed capital participation of JICC on Hitachi Astemo and change in its capital structure.

Key Points: 
  • TOKYO, Mar 30, 2023 - (JCN Newswire) - Hitachi, Ltd. ("Hitachi"), Honda Motor Co., Ltd ("Honda"), JICC-01 Limited Partnership ("JICC-01") managed by JICC-01 G.K., which is a wholly owned subsidiary of JIC Capital, Ltd. ("JICC") and Hitachi Astemo, Ltd. ("Hitachi Astemo") have today agreed capital participation of JICC on Hitachi Astemo and change in its capital structure.
  • Based on this agreement, the ownership ratio of voting rights for Hitachi Astemo will be changed from Hitachi : Honda = 66.6% : 33.4% to Hitachi : Honda : JICC-01 = 40.0% : 40.0% : 20.0% in September 2023.
  • In the meantime, Honda plans to purchase a certain number of shares of Hitachi Astemo's common stock from Hitachi and also plans to transfer all of its common shares of Hitachi Astemo Electric Motor Systems, Ltd. ("Hitachi Astemo EMS") to Hitachi Astemo, and in exchange Honda will acquire common shares of Hitachi Astemo which will be newly issued.
  • As a result of the share transfer from Honda, Hitachi Astemo will make Hitachi Astemo EMS a wholly owned subsidiary to integrate Hitachi EMS strategically and optimize and strengthen further the strategy for electric powertrain.

Honda: Production, Sales and Export Results for February 2023

Retrieved on: 
Thursday, March 30, 2023
Honda, Rare-earth element, News, Automotive industry

TOKYO, Mar 30, 2023 - (JCN Newswire) - Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of February 2023.

Key Points: 

TOKYO, Mar 30, 2023 - (JCN Newswire) - Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of February 2023.
Copyright 2023 JCN Newswire . All rights reserved.