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Yamaha Motor Co Ltd (7272.T)

7272.T on Tokyo Stock Exchange

2,712JPY
1 Dec 2016
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Wed, Oct 5 2016

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Once rivals, Honda, Yamaha Motor announce scooter tie-up

TOKYO Japan's Honda Motor Co Ltd and Yamaha Motor Co Ltd on Wednesday said they were joining forces to develop scooters for the domestic market, burying the hatchet on a decades-old rivalry and consolidating production in response to a shrinking motorcycle market.

UPDATE 1-Once rivals, Honda, Yamaha Motor announce scooter tie-up

* Companies competed fiercely for domestic market share in 1980s (Adds official announcement, details of partnership)

REFILE-Honda, Yamaha Motor to hold news conference regarding motorcycle biz

TOKYO, Oct 5 Japan's Honda Motor Co and Yamaha Motor Co said they would hold a joint news conference at 3:30 p.m. (0630 GMT) on Wednesday concerning their motorcycle businesses.

BRIEF-Japan's Honda Motor and Yamaha Motor to partner on scooters in Japan - Nikkei

* Japan's Honda Motor and Yamaha Motor to partner in motorcycle production and development - Nikkei

BRIEF-Yamaha Motor aims to increase its operating profit margin on motorcycle sales in Southeast Asia to 10 pct by end of 2018 - Nikkei

* Yamaha Motor aims to lift global sales as high as 1.3 trillion yen ($13 bln) and bring operating profit to 74 bln yen by the end of 2018 - Nikkei

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