The Civic Effect: Expanding A Market Through Innovation

  • 📰 Forbes
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The Civic effect: expanding a market through innovation paid hondajet

That’s the lesson Honda taught the automotive industry in the early 1970s with the Honda Civic, a car that didn’t just earn acclaim and sales but redefined the sub-compact car market and became a perennial bestseller. It’s a lesson the car business never forgot.And it’s a lesson Honda never lost sight of, either. The development of the HondaJet isn’t simply a matter of a carmaker learning to fly.

Fujino, who moved to the United States in 1986 as part of Honda’s then-secret aviation R&D program, understood the Civic’s legacy even then. By the mid-1980s the car was a steady sales performer and a household name, with nearly 170,000 Civics. It even gained a position in prominent automobile museum collections including the Smithsonian Institute. “The Civic was an icon that changed American auto culture,” Fujino says.

So the budding aircraft business needed a design that wouldn’t simply make headlines and sell product but that had the potential to succeed over multiple generations. “Honda is always looking to drive a long-term vision,” Fujino says.The Civic disrupted the car market with a combination of performance, comfort and price that other automakers weren’t matching. The Compound Vortex Controlled Combustion engine that powered early Civics was a significant part of that equation.

The HondaJet Elite’s innovations, including its signature wing-mounted engines, has redefined the light jet category.Fujino has gone on the record saying he considers aviation just as important as Honda’s traditional business, and that his vision goes beyond just putting hundreds of HondaJets in the sky. “My goal is to create a fourth pillar for Honda Motor,” he says, speaking of aviation sitting alongside the company’s ubiquitous standing in automotive, motorcycle and power products.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 394. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stock market live updates: Dow set to rise, IBM surging, coronavirus effect, trading earningsLive updates of what's moving the market now. Big IBM gains and easing coronavirus fears are boosting stock futures. OMFG he's wearing a 29,000 hat! Overconfidence people. Overconfidence crashes markets. Lots of fake money out there from the GOPTaxScam and QE. dowjones
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Earnings, ECB decision, job market check: 3 things to watch for in the markets on ThursdayWe'll get earnings from Intel and Procter & Gamble, a rate decision from the ECB and weekly jobless claims on Thursday.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »