- Honda Motor Co Ltd (NYSE:HMC) will make organizational and operational changes, effective April 1, 2023.
- The automaker is set to further solidify the direction of the organizational changes made last year with an eye toward the realization of carbon neutrality by 2050.
- The company will create new Electrification Business Development Operations to consolidate the business strategy and BEV product development functions of the automobile business.
- Also Read: Honda Partners With GS Yuasa For Lithium-Ion Batteries
- The current six regional operations will be consolidated into three regional operations, North America, China and Associated Regions.
- The Corporate Strategy Operations and Corporate Administration Operations will be newly created.
- Also Read: Honda, LG Energy Solution Establish Battery JV With Total Investment Of $4.4B
- Price Action: HMC shares closed higher by 0.88% at $24.16 on Monday.
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