BUSINESSWEEK ONLINE : JULY 5, 1999 ISSUE
INTERNATIONAL -- ASIAN COVER STORY

Honda vs. the Giants


Honda sells one-quarter as many vehicles as GM and one-half as many as 
Toyota. Yet its earnings are almost as high as either one

                  REVENUES*            NET INCOME         VEHICLE SALES
                  BILLIONS            BILLIONS            MILLIONS

GM                  $161                $2.9                8.1
DAIMLERCHRYSLER     155                 5.6                 4.5
FORD                143                 5.9**               6.8
TOYOTA              106                 3.0                 4.7
VOLKSWAGEN          71                  1.2                 4.8
RENAULT/NISSAN      95                  1.2                 4.9
HONDA               $52                 $2.5                2.3


*Results for 1998
**Excluding one-time gains


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