Honda Sets the Tempo for Japanese Automakers

Honda has reported recently a double-digitproductions recorded in North America, Europe,
increase in global automotive production for May.and the rest of Asia.
Its other Japanese automaker rivals namelyToyota Motors Corporation as expected is
Toyota, Nissan, and Mitsubishi Motors have alsozeroing in on General Motors Corp.’s spot as
posted output gains. Unfortunately, Mazda’sthe world’s largest automaker. Toyota’s
worldwide output plunge by 2.1 percent.global production climbed by 9.8 percent to
Japan’s second largest automaker, Honda said702,382 vehicles in May attributed to the strong
that its global production soared by 10.9 percentdemand for models like the Camry, Lexus, and
to 329,507 vehicles in May which is the 22ndhybrid cars such as the Prius.
straight monthly gain of the company.The domestic production of Toyota reached a
On the other hand Honda’s output in Japantotal of 322,841 units up by 7.9 percent while
has also increased by 11.8 percent to 105,188overseas output soared by 11.5 percent to
vehicles while its overseas production rose by379,541 vehicles.
10.4 percent to 224,319 units with higher