The deal to buy Honda Motor Co. from Toyota Motor Corp. expires this month, ending a six-year reign for Honda and a tumultuous period for Toyota.
The deal was announced on Aug. 28, 2017, after nearly three years of negotiations.
The sale of Honda to Toyota for $4.7 billion in 2017 had some investors worried that it could trigger a wave of consolidation among the major auto makers, but Honda has a lot of options to continue its operations and expand its business.
The automaker has about 6,000 employees in the U.S., but it also has several plants in China.
The deal to sell Honda to Penske expired on Aug, 28, 2018.
Honda is going to have to start from scratch and start to focus on what it needs to do to get back to where it was 10 years ago,” said James Zirkel, chief executive officer of the California-based automotive consulting firm AutoTrends.
The Honda Civic has been the company’s best-selling vehicle in the past five years.
It has been Honda’s most popular model, accounting for nearly 90 percent of all sales in 2016.
The company had $11.4 billion in cash and equivalents as of March 31, 2020, according to financial reports filed with the U: $4,700 for debt, $3,800 for equity and $1,800 of non-equity investments.
The next two years will be a tough one for Honda, according, but the company is optimistic.
The company expects to have around $15 billion in sales and $10 billion in profit in 2020, the company said.
It has been an important year for Honda.
Honda said it had $1.6 billion in earnings before interest, taxes, depreciation and amortization for the fiscal year ending March 31.
It also had more than $2 billion in dividends.
Honda is working to close a $7.5 billion credit facility it opened in 2018 that provides it with $4 billion a year in cash, debt and stock to help it compete with competitors.
Honda also plans to expand its global manufacturing facilities.
It also has a large amount of debt.
The Honda Civic, Civic Hybrid and Civic Sport were among the worst performing vehicles in the world during the second quarter of 2019.
That is not an accident, according the company.
The stock is up more than 6 percent since the beginning of the year, but that is because of speculation about whether or not the automaker could close the financing for the deal, or not.