"Honda was the first Japanese company to manufacture cars in America, the first to enter the luxury market with our Acura brand, and the first to create a jet plane of it's own design," said Henio Arcangeli, senior vice president of the Automobile Division of American Honda Motor Co., Inc.

While addressing the 2018 Auto Conference LA, in advance of the LA Auto Show, Arcangeli touted the all new Honda Passport which was unveiled at the auto show and discussed rapidly changing business conditions and offered some projections for the future of the industry.

Watch the full speech here: