Honda Motor Co., Japan's third-largest automaker, will shift development of minicar models for the domestic market to a new subsidiary, freeing engineers to focus on more profitable cars.

Honda Racing's senior technical director has urged the team not to be afraid of making mistakes in the future - because that is the only way the team will progress.

Aiming to grab back the Japanese Grand Prix : After losing the Japanese Grand Prix to arch rival Toyota's Fuji circuit, Honda has vowed to revamp Suzuka in a bid to win back the Formula One race.

What things have gone wrong with the car? The transmission. The front struts.

LOS ANGELES Horizon Media here has won media buying and planning duties for the newly established regional business of the Southern California Honda Dealers Association, according to the agency.

CHICAGO----Zacks.com announces the latest list of top performing Zacks #1 Rank stocks. The stocks on the prestigious list with the highest returns last week were Terex Corporation , FARO Technologies Inc. , Varian Semiconductor Equipment Associates, Inc. , Honda Motor Company and Ritchie Bros.

Global sales of these models up 5%.

The company's employees give back at an annual charity lunch in Torrance. Servers with white gloves buzzed around the tables of the Torrance Marriott's grand ballroom, setting down plates of turkey, cherry pie and baskets of oval rolls.

TOKYO (Reuters) - The head of Honda Motor Co. said on Tuesday he wanted one more global car in the auto maker's line-up to reach the next level of growth, rather than rely on many low-volume models catered to specific regions.

LONDON — Honda, one of the world's leaders in environmentally friendly technology, may demonstrate that emphasis with a green color for its Formula 1 racing cars in 2007.