Car Industry or Automotive Industry is one of the outstanding industries of the world. US are the world's largest car manufacturing nations. Japan is at the third position specialized in Car or Automotive Industry. This industry is the powerful source of economy for Japan. The automotive industry in Japan rapidly increased in 1970s to 1990s. With the production and manufacture of significant exports and automobile parts, Japan ranks the position of third largest producer of automotive industry. Cars designed in Japan are praised internationally and have won many awards and achievements such as European Car of the Year Award, International Car of the Year Award and World Car of the Year Award because of their excellence and quality.
The three main Cars of Japans' Automotive Industry which are fundamental sources of Economic growth are Honda, Mazda and Mitsubishi.
Honda:
Honda is popular bike producers and largest bike manufacturers from long era of time. Honda is the famous company worldwide with high quality automotive vehicles and second largest all Japanese automotive companies. Honda also has specializations in manufacture of Internal Combustion Engines. 14 millions internal combustion Engines are being manufactured every year by Japanese well known automotive company Honda. This company has its home in Tokyo and is led by President Takanobu Ito. Honda was the first Japanese company to launch and introduce a luxury Brand, with the production of Acura cars in 1986. After that first brand car by Honda, Acura Cars were listed as one of the best performance cars of the world. The car enjoyed the income of 54 billion yen and operating income of 750 billion yen.
Mazda (in photo):
Mazda car has its business since 1920. Mazda Company was previously established for the manufacture of machine tools in 1920s but it switched to automotive vehicles in 1930s. Mazda aimed in manufacturing of Wanket Rotary Engine, because they preferred to work on that specific automotive part in the beginning. With their devotion to the industry, they succeeded in existing their company and products in the well known brand. Mazda is one of the important names in manufacture of high quality and elite cars with the net income of 60 billion yen and operating income of 23.8 billion yen. Mazda manufacture 1.3 million vehicles every year and most of them are made in Japan. It won the position of 15th largest automaker company of the world in 2007. North American Mazda models are mostly made in Japan and are praised globally. Japan also specializes in Mazda speed6 Engine and transmission production for these Mazda Models.
Mitsubishi:
Mitsubishi is the well known automobile industry having its headquarters in Minato and Tokyo, Japan. Mitsubishi is the 6th biggest Japanese company and 16th largest automaker producers company of the world. It was formed in 1970 and specializes in both luxury cars and commercial vehicles. The net income of Mitsubishi car was 99 billion yen. It specializes in manufacture of commercial grade trucks, buses, heavy construction equipments and luxury brand cars.