Automobiles are one of the most important forms of transport in our society. They carry passengers and goods, are convenient for driving, and are often made of thousands of parts. These vehicles are made with an internal combustion engine and run on petroleum, diesel, and battery power. In addition to cars, motorcycles are another form of self-propelled machine that can also be used for transportation.
The first motorcycle was created in the early 19th century by Edward Butler, who designed a three-wheeled, self-propelling contraption. Later, a bicycle builder named Sylvester Howard Roper invented a similar machine. Another bicycle company, Hildebrand & Wolfmuller, became the first motorcycle maker in Germany. Throughout the mid-Victorian era, numerous bicycle builders developed other self-propelling contraptions. However, it wasn’t until 1898 that a production motorcycle was built in the US.
The term automobile was coined in the mid-19th century to define any self-moving machine. The first automakers introduced aircraft-inspired body styles and industrial materials. Although the term automobile can be used interchangeably, the most common definition states that it is a four-wheeled vehicle that usually seats a large number of people.
Automobiles are a highly complex technical system that is a vital lifeline for our society. They carry passengers, goods, and materials. They are the largest form of transportation on the road. While there are many different types of automobiles, they generally fall into two categories: passenger cars and commercial vehicles.
Commercial vehicles account for 56 percent of sales in the United States. Sales of passenger cars, however, increased from 304,062 in 1990 to 571,580 in 1995. This increase was mainly a result of government subsidies, low interest rates, and pent-up demand following the Asian economic crisis.
Despite their high-return business, motorcycles still remain an important part of Honda’s earnings. Its presence in Africa and Latin America is noteworthy. Currently, the company is developing a global production network and will introduce more common parts for global models in 2021. Meanwhile, its manufacturing capacity is limited due to a shortage of semiconductors. However, the company’s net cash balance has continued to climb and free cash flow has been positive for the past five years.
In April 2021, Honda will appoint a new CEO. Toshihiro Mibe, currently president of Honda R&D, will take the helm. He may invest more in Honda’s R&D division in order to address new technologies and business areas.
Honda’s display will showcase cutting-edge Honda safety technologies as well as its latest concept vehicles. Among the highlights will be the Honda Riding Simulator, which allows users to experience the thrill of riding a motorcycle in simulated conditions. Also on display will be Honda’s Formula One racers.
Honda’s displays will feature concept vehicles that combine Japanese aesthetics with clean fuel cell technology. Additionally, the Honda Riding Simulator will be on display as will a racing version of the Fit concept vehicle.
Honda’s concept vehicles include the HSC, IMAS, and FCX. These vehicles will be on display at the Ecology/Safety/Security Stage of the show. Honda will also display its IndyCar racers.