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Honda aims to have only electric vehicles sales by 2040

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by Reuters from https://auto.economictimes.indiatimes.com New Honda CEO aims for 100% electric vehicles by 2040 Speaking at his first news conference since taking the chief executive position at the beginning of April, Toshihiro Mibe said the company expects EVs and FCVs to account for 40% of sales by 2030 and 80% by 2035 in all major markets. TOKYO: Honda Motor Co’s new chief executive said on Friday the company was aiming to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040. Speaking at his first news conference since taking the chief executive position at the beginning of April, Toshihiro Mibe said the company expects EVs and FCVs to account for 40% of sales by 2030 and 80% by 2035 in all major markets. Mibe began his leadership amid a growing shift in automobile technology to electric vehicles and autonomous driving. Traditionally known for its fuel-efficient internal combustion engines, Honda launched its first mass-produced all-battery vehicle last August. Mibe said the company also aimed to include advanced driver-assistance systems in all of its models in major markets by 2030.

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Harley-Davidson Unveils 2021-2025 Strategic Plan; Targets Increased Profitability

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from https://www.rttnews.com Harley-Davidson, Inc. (HOG) on Tuesday unveiled ‘The Hardwire’, its 2021-2025 strategic plan that targets long-term profitable growth and shareholder value, and also aims to enhance its position in the strongest motorcycle segments. The motorcycle maker targets increased profitability and low double-digit earnings per share growth through 2025. It also projects single-digit revenue growth in the Motorcycles segment, with solid growth expectations across all businesses. Harley-Davidson said it will invest in the core segments of Touring, large Cruiser and Trike to strengthen and grow its position. The company will expand into Adventure Touring and increase profitability within the Cruiser segment to unlock untapped volume and margin. The company noted that Pan America, its first Adventure Touring motorcycle, is an example of the company’s selective expansion into a high-potential segment that has untapped potential in the U.S. As part of expanding its Financial Services offerings, the company will launch Harley-Davidson Certified, a pre-owned motorcycle program supporting growth expected across all complementary businesses. The company said it will strengthen its commitment to electric motorcycles with the creation of a dedicated division focused exclusively on leading the future of electric motorcycles, following the success of its LiveWire motorcycle. Harley-Davidson also said it will extend employee ownership to all employees by offering an equity grant to about 4,500 employees, aligning with its new approach to Inclusive Stakeholder Management. from https://www.bennetts.co.uk Harley-Davidson outlines vision for the future Back in July 2018 Harley-Davidson unveiled an incredibly ambitious and detailed plan for its future – confirming 16 new water-cooled models from 500cc to 1250cc in an array of styles, a new small-capacity machine, huge electric bike expansion plans and a reinvented shopping experience. It was a multi-year, multi-pronged onslaught that was intended to expand the firm’s reach away from its cruiser comfort zone and bring huge

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