July 12, 2014 5:17 PM ET

Automobiles

Company Overview of Honda North America, Inc.

Company Overview

Honda North America, Inc. develops, produces, and manufactures various motor products, ranging from small general-purpose engines and scooters to specialty sports cars. The company was founded in 1987 and is based in Torrance, California. Honda North America, Inc. operates as a subsidiary of Honda Motor Co., Ltd.

700 Van Ness Avenue

Torrance, CA 90501

United States

Founded in 1987

Phone:

310-781-4000

Fax:

310-781-4142

Key Executives for Honda North America, Inc.

President
Age: 58
Executive Vice President of Planning
Compensation as of Fiscal Year 2014.

Honda North America, Inc. Key Developments

Honda North America Announces Executive Changes

Honda Motor Co. announced that Takuji Yamada, American Honda executive vice president, will take over as president of Honda North America. The company also announced that Rick Schostek, senior vice president of Honda North America and Honda North America Services, will be executive vice president of Honda North America, overseeing planning, support and governance. Tetsuo Iwamura, who heads both American Honda and Honda North America, will become chairman of American Honda and take on the new role of corporate brand officer for Honda Motor Co. Frank Paluch, senior vice president of Honda North America Services, will take over as president of Honda R&D Americas Inc. in Raymond.

Honda North America Plans to Invest $180 Million to the Engine Plant in Anna, Ohio

Honda North America is planning to invest USD 180 million to the engine plant in Anna, Ohio, to boost aluminum die-casting and engine parts production. The investment will support engine parts production for the new Honda Earth Dreams Technology engines and transmissions, as well as a training centre for power train employees. Earth Dreams is an umbrella classification for a new generation of fuel-efficient, high-output engines sized from 1.3 liters to 3.5 liters. The Earth Dreams project includes gas and diesel engines, a hybrid engine system, a battery-powered electric drive system and a continuously variable transmission. The company also announced was a USD 35 million investment in an office and technical training centre in Marysville, Ohio. The complex, which will open in fall 2014, will encompass 165,000 square feet, and house a heritage center and a support services company (Honda North America Services LLC). The services company was created in April to coordinate North American sales and manufacturing arms.

Honda North America, Inc. to Move Few Workers to Marysville, Ohio; Announces Executive Changes

Honda North America, Inc. is moving about 50 salaried workers, including its top North American executive, to Marysville, Ohio, from Torrance, Calif. The two offices often work together, but they were separate. Both reported to Honda's headquarters in Tokyo. Tetsuo Iwamura, executive vice president and president of Honda North America, will add the title of chief operating officer of automobiles, as he moves to Ohio. Hidenobu Iwata, who is already in Marysville, will be president of Honda North America Shared Services, a new subsidiary, and he will continue to be president of Honda of America Manufacturing. Iwamura's expanded role will have broader responsibility that includes manufacturing.

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