MONET Technologies Inc.Isuzu Motors LimitedSuzuki Motor CorporationSubaru CorporationDaihatsu Motor Co., Ltd.Mazda Motor CorporationHino Motors, Ltd.Honda Motor Co., Ltd. MONET Forms Capital and Business Partnerships with Isuzu, Suzuki, Subaru, Daihatsu and MazdaHino and Honda to make additional investments in MONET at the same time MONET Technologies Inc. (“MONET”) today announced that it concluded capital and business… Continue reading MONET Forms Capital and Business Partnerships with Isuzu, Suzuki, Subaru, Daihatsu and Mazda
Hino and Honda to make additional investments in MONET at the same time
Tag: Honda
PSA links the fate of a British factory to a Brexit agreement
This is probably the first time, across all sectors, that an industrialist also directly links an operational decision on the United Kingdom to the conclusion of a divorce agreement with the EU. PSA warned Thursday that it would entrust the manufacture of its future Astra to its factory Vauxhall Ellesmere Port, Wales, a two-pronged condition:… Continue reading PSA links the fate of a British factory to a Brexit agreement
MONET Forms Capital and Business Partnershipswith Isuzu, Suzuki, Subaru, Daihatsu and Mazda
June 28, 2019
MONET Forms Capital and Business Partnerships
with Isuzu, Suzuki, Subaru, Daihatsu and Mazda
Hino and Honda to make additional investments in MONET at the same time
MONET Technologies Inc.
Isuzu Motors Limited
Suzuki Motor Corporation
Subaru Corporation
Daihatsu Motor Co., Ltd.
Mazda Motor Corporation
Hino Motors, Ltd.
Honda Motor Co., Ltd.
MONET Technologies Inc. (“MONET”) today announced that it concluded capital and business partnership agreements with Isuzu Motors Limited (“Isuzu”), Suzuki Motor Corporation (“Suzuki”), Subaru Corporation (“Subaru”), Daihatsu Motor Co., Ltd. (“Daihatsu”) and Mazda Motor Corporation (“Mazda”), respectively. Isuzu, Suzuki, Subaru, Daihatsu and Mazda each plan to invest in MONET by August 2019 and acquire approximately 2% of its shares.
Simultaneously, Hino Motors, Ltd. (“Hino”) and Honda Motor Co., Ltd. (“Honda”) plan to make additional investments in MONET and maintain their respective ownership stakes of approximately 10%.
Junichi Miyakawa, President and CEO of MONET Technologies Inc. commented on the partnerships as follows:
“In addition to those with Toyota, Hino and Honda, our new partnerships with Isuzu, Suzuki, Subaru, Daihatsu and Mazda will enable us to acquire data on their vehicles and mobility services for coordination with the MONET platform. To build a high-level MaaS platform for an autonomous driving society, it is essential to integrate a wide number of datasets, and these partnerships will further accelerate our progress in building the MaaS business that MONET is aiming for. MONET will utilize the data provided by each company and leverage their automotive industry insights and networks. Together with our automotive manufacturer partners we will work to realize and spread innovative mobility services that can resolve Japan’s social mobility issues and create new value.”
Masanori Katayama, President and Representative Director of Isuzu Motors Limited, commented as follows:
“Isuzu is providing various products and services to support people’s lives and social production activities. It is said that automobile industry is facing ‘a once-in-a-century innovation’ era with social issues such as serious driver shortages and the diversification of consumer needs, and Isuzu aims to create new solutions through collaborating with customers and partners. In view of this, participation in MONET will bring us tremendously valuable opportunities in a wide variety of industries so that we will make a contribution to sustainable society development.”
Toshihiro Suzuki, Representative Director and President of Suzuki Motor Corporation, commented as follows:
“By participating in MONET, Suzuki aims to resolve regional transportation issues by making mobility more convenient for residents and link these efforts to both the promotion of regional and industrial revitalization and the creation of innovative next-generation mobility services. Suzuki would like to contribute to MONET’s creation of new value with transportation, using its diverse array of transportation modes, including motorcycles, marine products and electric wheelchairs, in addition to automobiles.”
Tomomi Nakamura, President and CEO, Representative Director of the Board, Subaru Corporation, commented as follows:
“Having its roots in aircraft manufacturing, Subaru has long dedicated itself to delivering cars that provide both enjoyment and peace of mind for all drivers and passengers. By participating in MONET, we will pursue Subaru’s vision of ‘Enjoyment and Peace of Mind’ in a way that befits the new era and contribute to the resolution of social mobility issues.”
Soichiro Okudaira, President of Daihatsu Motor Co., Ltd., commented as follows:
“Under the slogan ‘Light you up,’ Daihatsu has provided mini vehicles and other products to support people’s lives. By participating in MONET, Daihatsu will work closely together with various regions to ensure the development of vital communities that residents want to keep living in. Through these efforts, we will realize sustainable mobility services that are loved by citizens.”
Akira Marumoto, President and CEO, Representative Director, Mazda Motor Corporation, commented as follows:
“By sharing the experiences and thrills made possible by the fusion of cars and digital tools, Mazda is connecting different types of people with society, and providing a new type of car value—one that conveys the ‘joy of life’ with safety, peace of mind and enrichment. By co-creating together with other MONET participants, Mazda will pursue the possibilities of mobility services that ‘invigorate the mind and body’ to resolve social mobility issues in cities and regions.”
MONET shareholder structure and investment ratios (after each company completes investment)
Shareholder
Investment ratio
Investment amount
(Total 2,856.70 million yen)
SoftBank Corp.
Approx. 35.2%
1,005.00 million yen
Toyota Motor Corporation
Approx. 34.8%
995.00 million yen
Hino Motors, Ltd.
Approx. 10.0%
285.60 million yen
Honda Motor Co., Ltd.
Approx. 10.0%
285.60 million yen
Isuzu Motors Limited
Approx. 2.0%
57.10 million yen
Suzuki Motor Corporation
Approx. 2.0%
57.10 million yen
Subaru Corporation
Approx. 2.0%
57.10 million yen
Daihatsu Motor Co., Ltd.
Approx. 2.0%
57.10 million yen
Mazda Motor Corporation
Approx. 2.0%
57.10 million yen
● Company names, product/service names included in this press release are registered/non-registered trademarks of the respective companies.
[PDF/167 KB]
Honda Global | June 28, 2019 MONET Forms Capital and Business Partnerships with Isuzu, Suzuki, Subaru, Daihatsu and Mazda
MONET Technologies Inc.Isuzu Motors LimitedSuzuki Motor CorporationSubaru CorporationDaihatsu Motor Co., Ltd.Mazda Motor CorporationHino Motors, Ltd.Honda Motor Co., Ltd. MONET Technologies Inc. (“MONET”) today announced that it concluded capital and business partnership agreements with Isuzu Motors Limited (“Isuzu”), Suzuki Motor Corporation (“Suzuki”), Subaru Corporation (“Subaru”), Daihatsu Motor Co., Ltd. (“Daihatsu”) and Mazda Motor Corporation (“Mazda”), respectively.… Continue reading Honda Global | June 28, 2019 MONET Forms Capital and Business Partnerships with Isuzu, Suzuki, Subaru, Daihatsu and Mazda
Honda Global | sustainability
For Honda’s sustainability, it is important to both meet stakeholders’ expectations and needs by providing products and services of value, fulfill its corporate social responsibility such as by considering the impact on the environment and society, as well as to contribute to the resolution of social issues through its business activities. Go to Source
BMW Motorrad sketches out what’s next: electric motorcycles
While quite a few startup companies have been building electric motorcycles for years, established motorcycle manufacturers have been slow to join the fray. The much-anticipated Harley Davidson Livewire, for instance, isn't yet out but is due in August.
On Tuesday, BMW Motorrad, the company's motorcycle division, at last announced its intent to join the electric motorcycle crowd, with a concept electric motorcycle called the BMW Vision DC Roadster.
It's designed to evoke images of BMW's more traditional motorcycles, with circular cooling fins sticking out the sides like the cylinder jugs on BMW's classic flat-twins. An upright battery is mounted longitudinally between the driver's knees, somewhat where a conventional bikes fuel tank might be, but deeper. BMW didn't specify the battery capacity or any range target.
Again harking to tradition, the Vision DC Roadster uses a longitudinally mounted motor, underneath the battery, connected to a shaft drive.
As a concept, the Vision DC Roadster has a cafe-racer stance, with laid-down front forks and a very high seat and tail. The vestigial signature LED headlight almost disappears ahead of the driver.
BMW came early to developing electrically-powered cars, introducing the advanced i3 and i8 in 2014, but it has been slower to begin work converting its two-wheeled lineup.
The electric motorcycle market grew a few years ago with Lightning, Alta Motors, and Zero, but with more big players like BMW and Harley Davidson, among many, it's a sign that it's taking off. Now with BMW considering broad outlines of an electric motorcycle, the scales may be tipping. We're looking at you, Honda!
Honda Global | June 27, 2019 Honda Sets Monthly Records for Automobile Production Worldwide, Overseas, in North America, Asia and China
Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of May 2019. Worldwide Production May 2019 Year-to-Date Total(Jan.-May 2019) Units vs.’18 Units vs.’18 Japan 76,916 +18.2% 394,518 +12.2% Outside of Japan 383,247 * +3.4% 1,856,761 -1.3% Worldwide Total 460,163 * +5.6% 2,251,279 +0.9% *Record high… Continue reading Honda Global | June 27, 2019 Honda Sets Monthly Records for Automobile Production Worldwide, Overseas, in North America, Asia and China
China’s Didi Chuxing to expand partnership with automaker GAC Group
Chinese ride-hailing giant Didi Chuxing said on Wednesday it would expand its partnership with Guangzhou Automobile Group Co Ltd (GAC Group) to areas such as ride-hailing operations and autonomous driving. China’s largest ride-hailing firm and Guangzhou-based GAC Group will work on fleet expansion and management, development of new mobility products, and collaboration on smart driving,… Continue reading China’s Didi Chuxing to expand partnership with automaker GAC Group
Regional discounts can make electric cars a steal
In some places, you almost can't afford not to buy an electric car.
Adding regional incentives to state and federal incentives can cut the price of some electric cars nearly in half and make them cheaper than some used cars or the most basic of new gas models. Consider that electric cars never need gas or oil changes, and buyers can come away with lower monthly costs than just buying gas for an older car.
These state and regional incentives—along with occasional special fees charged on electric-car buyers—can make or break the purchase of an electric car.
The best example currently is in Denver, incentives from a local dealer and utility company pile onto the $5,000 Colorado tax credit, and federal tax credits to cut as much as $19,500 off the purchase price of a Nissan Leaf. That's more than the base MSRP of a Honda Fit, a Hyundai Elantra, or a Mazda3.
As in Denver, local energy companies often play a big part in such discounts. Xcel Energy, a local Colorado utility, has partnered with Tynan's Nissan in Aurora to offer the program. Xcel and Tynan each kick in a $3,500 cash incentive, which, combined with the Colorado state tax credit and the $7,500 federal tax credit, can get buyers into a base Nissan Leaf for as little as $11,665.
Payments on a five-year loan at 5 percent interest could be as little as $220 a month. That's less than some Denver drivers may pay for gas every month.
Colorado is working hard to spread electric cars among its population to improve air quality in the region. Denver may be the most compelling place to buy a Nissan Leaf, but other regions also offer compelling deals.
– Buyers in nearby Fort Collins, Colorado, offers buyers a $9,000 group-purchase discount on top of state and federal tax credits that can make Leaf purchases even cheaper than in Denver.
– Connecticut offers electric-car buyers a $3,000 state tax credit, and some state utilities add thousands more. Norwich Public Utilities offers a $1,000 rebate for those who buy or lease a new or used electric car.
– Oregon offers a tax incentive of $2,500, which buyers can add to a $3,500 rebate on Nissan Leaf purchases through the local utility Portland General Electric.
– State, county, and municipal tax exemptions in Seattle can add up to more than $2,500 per car.
No matter where you live, it's worth seeking out these local discounts and incentives. They can make choosing an electric car even more affordable.
Drivers may overestimate Tesla Autopilot because of its name, study suggests
Sponsored Links Tesla Tesla’s Autopilot system might have a catchy name, but it may send the wrong message to drivers, according to a study by the Insurance Institute for Highway Safety. A survey the non-profit organization conducted revealed that a lot of people don’t fully comprehend newer cars’ actual level of automation, because their driver-assistance… Continue reading Drivers may overestimate Tesla Autopilot because of its name, study suggests