Honda Motor Co., Ltd., (NYSE: HMC) today announced an ambitious strategy to enhance corporate value through a major expansion of sales within each of its three product lines -- based on accelerated innovation throughout the company, including manufacturing and research and development. With annual sales achieving an all-time record of nearly 11 million motorcycles, automobiles and power products in the most recent fiscal year (ended March 31, 2000), Honda announced a dramatic new sales target of 16 million units for the fiscal year ending March 31, 2004.