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HMC vs PHIN

Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Common Stock and PHINIA Inc.

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Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Common Stock

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces motorcycles, including sports, business, and commuter models; and various off-road vehicles, such as all-terrain vehicles and side-by-sides. The Automobile Business segment offers passenger cars, light trucks, and mini vehicles. The Financial Services Business segment provides various financial services, including retail lending and leasing services to customers, as well as wholesale financing services to dealers. The Power Product and Other Businesses manufactures and sells power products, such as general purpose engines, lawn mowers, generators, water pumps, brush cutters, tillers, outboard marine engines, and snow throwers. This segment also offers HondaJet aircraft. The company also sells spare parts; and provides after-sale services through retail dealers directly, as well as through independent distributors and licensees. Honda Motor Co., Ltd. was founded in 1946 and is headquartered in Tokyo, Japan.

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PHINIA Inc.

PHINIA Inc. engages in the development, design, and manufacture of integrated components and systems. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules. The segment also offers complete systems comprising software and calibration services that reduce emissions and enhance fuel economy for traditional and hybrid applications. The Aftermarket segment is involved in the sale of starters, alternators, and remanufactured products, as well as maintenance, test equipment, and vehicle diagnostics solutions to original equipment manufacturers and original equipment service customers. Its products are used for commercial vehicles and industrial applications, such as medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and industrial applications; light commercial vehicles, including vans and trucks; and light passenger vehicles, including passenger cars, mini-vans, cross-overs and sport-utility vehicles. PHINIA Inc. was incorporated in 2023 and is based in Auburn Hills, Michigan.

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