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The first production automobile from Honda was the T360 mini pick-up truck, which went on sale in August 1963. [21] Powered by a small 356 cc straight-4 gasoline engine, it was classified under the cheaper Kei car tax bracket. [22] The second production car from Honda was the S500 sports car, which followed the T360 into production in October ...
Tony asked John Sacramoni for 25% of the sale price and a year's salary until retirement plus a skim from the company which is $2,000 a week when the company went up for sale. He agreed to lower the sale settlement by staying on the payroll and lowering the skim profits.