This excerpt taken from the HMC 6-K filed Mar 13, 2006.
Wuyang-Honda Motors (Guangzhou) Co., Ltd.
Honda has been expanding production capacity globally, particularly in the Asia Oceania region where Honda has been expanding both motorcycle and automobile production capacity in line with strong economic growth. To strengthen research and development capabilities in the region, Honda will establish an automobile R&D center in Thailand to begin operations in 2007. This will enable us to more quickly respond to the diversifying needs of customers and to manufacture products with which customers will be more satisfied.
In order to fulfill our responsibilities as a corporate citizen, Honda has proactively dedicated itself to philanthropic activities as well as business activities. We would like to contribute to the enrichment of society by passing on the fun of creating new things and the joy of taking on challenges to children who will build the future.
In this report, we will highlight our automobile business in the Asia Oceania region as well as our philanthropic activities.
The automobile market in Asian countries such as India and ASEAN nations is growing consistent with economic growth in the region. Honda will expand production capacity in Pakistan in 2006, following expansion in India in November 2005. A new plant in Vietnam will begin operations in 2006 July.
Expectations for philanthropic activities of corporations have been increasing. Honda established a philosophy for philanthropic activities on the occasion of the 50th anniversary of the companys founding in 1998. Based on this philosophy, Honda actively undertakes philanthropic activities worldwide.
Honda announced its consolidated financial results for the nine months ended December 31, 2005.
(Details are as filed in Form 6-K of January 2006)