Honda Sees Surge in Global Markets

Bloomberg News - October 12, 2012

Interviewed in his Tokyo office, Honda Motor Co. President Takanobu Ito forecasts growth over the next two to three years, looking at record sales this year.

Find out which model is set to soar globally.

Ito’s focus on the Fit, a vehicle no bigger than [the Toyota] Prius, illustrates Honda’s expectations for global demand to increasingly tilt toward smaller autos in the next five years as fuel prices rise.

Honda, forecasting to sell a record 4.3 million vehicles this fiscal year, is planning worldwide rollouts of new Fit vehicles, including a sedan and compact sport-utility vehicle, from next year, said Ito, who’s led the company since 2009.



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