Japan – Honda and Idemitsu Hold 10th Anniversary Event of Rider Development Project at Grand Prix of Japan

To commemorate the tenth anniversary of the rider development program conducted by Honda Motor Co., Ltd. (Director, President and Representative Executive Officer: Toshihiro Mibe) and Idemitsu Kosan Co., Ltd. (Idemitsu, Representative Director President and Chief Executive Officer: Shunichi Kito) aimed at “discovering and nurturing world class Asian riders, and developing motorsports culture in Asia,” the companies held a ceremony at Mobility Resort Motegi, where the 2022 FIM* MotoGP World Championship Round 16, the Grand Prix of Japan is being held.

The rider development program by Honda and Idemitsu began in 2013 with the IDEMITSU Honda Team Asia’s entry into the Moto2 World Championship. In 2016, Honda Team Asia, aimed at providing a path to Moto2, began racing in the Moto3 class. The following year, the Dorna Sports SL.-organized Idemitsu Asia Talent Cup kicked off, aiming to produce world-class riders. In 2018, IDEMITSU Honda Team Asia rider Takaaki Nakagami moved from Moto2 to representing LCR Honda IDEMITSU in the MotoGP class, completing the rider development path to the premier class.

To celebrate the project’s tenth anniversary, the companies held a ceremony on the Mobility Resort Motegi track, where the Grand Prix of Japan, home race to both companies, is held. The event was attended by LCR Honda IDEMITSU’s Takaaki Nakagami, IDEMITSU Honda Team Asia’s Ai Ogura and Somkiat Chantra, Honda Team Asia’s Mario Suryo Aji and Taiyo Furusato, and Moto2 / Moto3 team manager Hiroshi Aoyama, along with IDEMITSU Honda Team Asia’s first team manager Tadayuki Okada and Yuki Takahashi. Idemitsu’s President, Shunichi Kito, Dorna Sports’ CEO Carmelo Ezpeleta, and Hondas President Toshihiro Mibe expressed their renewed passion in continuing the project to develop motorsports culture in the Asia region.

Shunichi Kito: Representative Director President and Chief Executive Officer, Idemitsu Kosan Co., Ltd.
“I am proud that we have been involved with Honda in developing young riders for the past ten years, and acting as technical advisor for the teams’ oil strategies. The project has many accomplishments, beginning with Yuki Takahashi participating in the Moto2 class, Takaaki Nakagami becoming the only Japanese rider to compete in the MotoGP class since 2018, and Ai Ogura and Somkiat Chantra, both former Asia Talent Cup riders, winning races in the Moto2 class. These achievements were made possible with the continuing efforts by the riders, the team managers, the teams, Honda and Dorna, and with the support of all its fans. I am grateful for all the support we have had. We will continue to fight alongside riders who aim for the pinnacle of motorsports, with high ideals and fighting spirits.”

Toshihiro Mibe: Director, President and Representative Executive Officer, Honda Motor Co., Ltd.
“I am very pleased that our project with Idemitsu to develop young Asian riders has reached its tenth anniversary. For Honda, this project which is part of its racing activities in the Asia region to make the dreams of young riders aspiring to race in the MotoGP class come true, is very meaningful. I am truly grateful for Idemitsu’s continued support for this project. Our hope is that motorsports will gain further in popularity, through more and more Asian riders competing in the premier MotoGP class.”

*FIM: Federation Internationale de Motocyclisme

Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Japan – F.C.C. TSR Honda France Fights Back to Win Second FIM Endurance World Championship Title

F.C.C. TSR Honda France, running second in the 2022 FIM* Endurance World Championship (EWC), made a comeback to win this year’s championship in the final round, the Bol d’Or 2022, held at Circuit Paul Ricard on September 17 – 18. The team has won the title for the second time, its first in the 2017-2018 season.

F.C.C. TSR Honda France kicked off its 2022 campaign with riders Josh Hook (29 years old, Australia), Geno Rea (33 years old, UK) and Mike Di Meglio (24 years old, France) on a Honda CBR1000RR-R FIREBLADE SP.

In the season-opener, the 24 Heures Motos held at Le Mans, the team qualified third, and finished third. In Round 2, the 24H SPA EWC Motos, the team started fourth on the Circuit de Spa-Francorchamps grid, and although down to tenth place mid-race, made a dramatic comeback to fourth, and a last lap charge by Rea gave them third in the final results.

In Round 3, the Suzuka 8 Hours, held for the first time in three years, Rea crashed during free practice and was transported by helicopter to a hospital. Hook and Di Meglio was left to ride the eight-hour classic at the Suzuka Circuit in Mie. They qualified fourth, and although they faced numerous problems throughout the race, reclaimed places and finished tenth.

F.C.C. TSR Honda France headed into the final round, the Bol d’Or 2022, second overall, 23 points behind the series leader. Alan Techer (28 years old, France), one of the riders in the team’s previous victory in 2017-2018, stood in for Rea, in the hope that his experience will help them reclaim the title. The team started from fourth on the grid at 3:00 pm on the 17th. Two incidents sent their placing down to 28th, but consistent and determined riding brought the team back up to 4th place by the time the race ended at 3:00 pm on the 18th. As other championship contenders fail to complete the race, F.C.C. TSR Honda France won the overall championship.

Josh Hook | F.C.C. TSR Honda France
“I have learned from the past to never take a result for granted before the chequered flag. We have come back from complicated situations in the past and nothing is ever certain. Like everyone else, we did our race and never gave up. We did very well, all three of us were fast, especially at night. We were quickly no longer in a position to fight for victory, so we focused on the championship, which was clearly the priority goal. We chose to take care of the engine as much as possible to avoid the problems that most of our competitors have. And it’s done!”

Mike Di Meglio | F.C.C. TSR Honda France
“I’m very happy to finally be World Endurance Champion! I came so close with GMT94 and I’m really proud of this title after so many years of fighting for it. It was a really tough race. We had some problems and our opponents were forced to stop one after the other. When Tati Team #4 was fighting at the front, we decided to build up enough of a gap to our chaser to get out of trouble. But when they dropped down the rankings, we changed our strategy to preserve the engine as much as possible by shifting earlier on the straight. It was the best thing to do because the world championship was more important than a podium finish.”

Alan Techer | F.C.C. TSR Honda France
“It was a complicated race for everyone, we also had some mechanical problems. The team worked hard to reduce the time spent in the pits and, with my teammates, we did our best to respect the race plan. The objective was clearly the title, and after the Suzuki’s retirement, we battled with the Tati Team, my former team. This is a special emotion for me, because I win this title with the team that had already given me the chance to be champion in 2018. We also have a big thought for Gino to whom we dedicate this title.”

* FIM: Federation Internationale de Motocyclisme

Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Japan – Honda and Hanwa Establish Strategic Partnership for Stable Procurement of Essential Metals

Honda Motor Co., Ltd. (Honda) today announced that it has established a strategic partnership with Hanwa Co., Ltd. (Hanwa), a major Japan-based trading company, toward stable procurement of essential metals for batteries necessary for its electrified vehicles.

To realize carbon neutrality for all of its products and corporate activities by 2050, Honda is striving to make battery-electric vehicles (EVs) and fuel cell electric vehicles (FCVs) represent 100% of its global vehicle sales by 2040. Toward this target, Honda is planning to launch 30 EV models globally by 2030 with production volume of more than 2 million units annually.

For steady execution of its electrification strategy, Honda established a strategic partnership with Hanwa, a major trading company that has strengths in the field of resource procurement. Through this partnership, Honda will ensure stable procurement in the medium to long term, of essential metals necessary for batteries such as nickel, cobalt and lithium, positioning the mined resources secured by Hanwa at the core.

Honda will continue working with a wide range of suppliers to ensure stable supply of necessary resources, that will enable Honda to steadily execute its electrification strategy leading to the realization of Honda’s carbon neutrality goal.

Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Honda Signs Agreement to Transfer Shares of Honda Lock Mfg. to MinebeaMitsumi

Honda Motor Co., Ltd. (Honda) today announced that it has signed an agreement to transfer all shares of Honda Lock Mfg. Co., Ltd. (Honda Lock), a consolidated wholly-owned subsidiary of Honda, to MinebeaMitsumi Inc., a manufacturer of machinery components and electronic devices.

In the midst of major changes in the business environment, Honda is working to optimize its business portfolio to better leverage the strengths of each individual Honda company, including those of its consolidated subsidiaries. As a result of studying the future growth potential of Honda Lock, including the advancement of its key products into electronic devices, Honda concluded that Honda Lock will experience further growth in the future by conducting business as a part of the MinebeaMitsumi Group, which has strengths in technologies and value creation in a diverse range of industries and technology areas beyond automobile components. Based on this assessment, Honda decided to proceed with this stock transfer, which is expected to be completed before the end of 2022, after going through various transfer procedures including obtaining regulatory approvals.

For more information, visit https://global.honda/newsroom/news/2022/c220804eng.html.






Topic: Press release summary

Honda to Extend Power Unit Technical Support Agreement with Red Bull Power Trains to End of 2025

Following discussions between Red Bull and Honda, it has been agreed by both parties that Honda Racing Corporation (HRC), the Honda subsidiary that runs its racing activities, will continue to provide technical support for Red Bull Powertrains (RBPT) relating to Formula 1 power units from 2023 to the end of 2025.

In 2022, HRC has been providing PU-related technical support in line with Red Bull’s request to Honda, with both Oracle Red Bull Racing and Scuderia AlphaTauri therefore using the PU from the support program.

The extension of the existing agreement for HRC to continue providing technical support from 2023 to 2025 has now been mutually agreed between Red Bull and Honda.

Honda officially ended its participation in Formula 1 at the end of 2021, with the resources allocated to PU development diverted to meet the company’s future carbon-neutral goals. The ongoing agreement between the two parties does not involve PU development, therefore HRC will be able to provide this service from within its current resources.

Dr. Helmut Marko, Motorsport Advisor, Oracle Red Bull Racing:
“We thank Honda for their positive response to working together. We are excited to continue our partnership in F1 until the end of 2025 with the PU supplied by Honda. We have had a successful relationship so far, winning the Drivers’ championship in 2021 and currently leading the Drivers’ and Teams’ classifications, with the aim of securing both 2022 titles.”

Christian Horner, Red Bull Powertrains CEO and Team Principal:
“Red Bull’s partnership with Honda has been an incredibly successful one and we are pleased that this will continue until the end of the current era of the FIA’s power unit regulations in 2025.”

Koji Watanabe, Head of Corporate Communications Supervisory Unit,
Honda Motor Co., Ltd. and President of Honda Racing Corporation:
“We have agreed to continue supporting Red Bull Power Trains in Formula 1 through HRC, following Red Bull’s request to extend our current agreement, which HRC can meet within its existing resources. Once again, we aim to use our involvement in the pinnacle of motorsport for the development of technologies and of our workforce.”






Topic: Press release summary