Buoyed by record sales in its last fiscal year, Honda Motor Co. Ltd. announces an ambitious sales target of 16 million automobiles, motorcycles and power products, including engines, by March 31, 2004. Currently Honda sells about 11 million units annually. The growth will be achieved by expanding all three product lines in a region-specific sales effort, says Honda President and Chief Executive Hiroyuki Yoshino, in making the announcement in Tokyo May 25. Automobile sales are forecast to ...

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