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Name | Symbol | Market | Type |
---|---|---|---|
Honda Motor Co Ltd | NYSE:HMC | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.68 | 2.01% | 34.50 | 34.46 | 34.12 | 34.25 | 666,802 | 01:00:00 |
TOKYO-- Honda Motor Co. will announce Monday the appointment of its first foreign board member as it looks to enhance its responsiveness to global markets, a person familiar with the matter said.
The current 13 board members of Japan's third-largest car maker by volume are all Japanese despite Honda's reliance on its business abroad. Overseas markets account for more than 80% of the company's global auto sales.
Honda is the only one of Japan's top three auto makers not to have a foreign board member.
Toyota Motor Corp., the world's largest car maker by volume, last year named Mark Hogan, a former General Motors Co. executive, as an outside director.
Nissan Motor Co., Japan's second-largest auto maker, has been led by Chief Executive Carlos Ghosn for more than a decade.
The move comes as Honda looks to boost more aggressively it business abroad as demand sharply increases in emerging economies.
Write to Yoshio Takahashi at yoshio.takahashi@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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