HONDA CARS, a division of General Motors Co., is buying the assets of Honda Finance, the leasing firm formerly known as H-E-B.
It’s the second time in as many months that Honda has been buying assets from a company it has bought or acquired, following last month’s acquisition of the assets and assets of A&R.
Honda’s announcement on Friday that it had bought the assets from H-e-B was met with mixed reactions.
First, the deal is an interesting one for investors.
The H-U-B deal is the second H-I-B transaction, and it was the first for Honda since the acquisition of A-Rod’s H-L-O-B in the summer of 2016.
H-U, H-C-I, and H-N-O are the three names associated with Honda Finance that the company acquired last year, in what was one of the largest deals in Honda’s history.
Hondas acquisition of H-H-B means that it is now effectively a wholly owned subsidiary of Honda, which means that the Honda brand will no longer be synonymous with the Japanese automaker.
Honda also will be the owner of Honda Advantage, a hybrid-electric vehicle brand.
The company also announced a plan to buy the assets for $2 billion, including its current portfolio of about $2.3 billion, for an undisclosed amount in 2018.
In addition to the investment in Honda Finance by Honda, Honda is also in the process of selling off some of its assets, including the brand name, brands and brands of vehicles, and the operations and brand name of Honda-branded Honda vehicles.HMC is now known as Honda Motor Co. Honda Finance is known as General Motors Financial Services, and Honda Advantage is known by the brand names Honda Motor and Honda.