Honda-GM Initiative to Produce New CR-V
Model to go on sale next year as part of expanded hydrogen fuel-cell business.
Underhood of new Honda CR-V model to go on sale next year.
IMAGE: Honda
Honda is expanding its development with General Motors of hydrogen fuel cell technologyc, as well as its overall hydrogen business, the latest product of which will be a new CR-V model that’s scheduled to be in showrooms next year in North America and Japan.
The CR-V is based on a model introduced last year in North America and features Honda’s next-generation fuel cell system. It has a plug-in function for home recharging.
Honda plans to also start selling the fuel system externally in the mid-2020s, with an eye to “realization of a carbon-neutral society,” it said in a press release. The Japanese automaker is targeting double the fuel cell durability and a third of the cost, then aims to halve that reduced cost.
In addition to passenger vehicles, Honda has also identified commercial vehicles, construction machines and stationary power stations as users of the fuel-cell technology.
The company said it plans to achieve carbon neutrality, or “zero environmental impact,” for all Honda products and corporate activities by 2050.
DIG DEEPER: GM and Honda to Collaborate on Affordable EVs
More Dealer Ops
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
Timing the Market Can Hurt Long-Term Program Performance
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →
IA American Appoints Two Execs
Senior vice presidents of the company's agent and dealer channels chosen to support general agents and help auto dealers with sales and performance.
Read More →
Cox Automotive Acquires Inspection Firm
Full ownership of Alliance Inspection Management, or AiM, meant to unlock growth for Manheim inspection capabilities
Read More →
Assurant Expands Partnership With Holman
Extended collaboration delivers training, products and performance development to 30 newly acquired Holman dealerships
Read More →
Franchises, Throughput Down in First Half
A handful of states see franchise growth through June, while EV sales per store boost overall business in U.S.
Read More →