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Stock Market & Financial Investment News

News Breaks
July 9, 2013
12:09 EDTCDTI, HMCCDTi announced Honda using MPC technology in certain models
Earlier today, Clean Diesel Technologies (CDTI) announced that Honda Motor (HMC) is now selling its 2013 Accord Hybrid and Accord Plug-In Hybrid, featuring CDTi's high-performance Mixed Phase Catalyst, MPC, technology. The Hybrid is expected to begin production in the U.S. this summer with sales commencing in the U.S. in the fall while the Plug-In Hybrid model has recently become available for sale in the U.S. Along with the Hybrid and Plug-In Hybrid models, CDTi also provides its catalyst solutions to Honda for North American versions of their four- and six-cylinder Accord as well as the Acura TSX. In Mid-day trading, Clean Diesel Technologies shares are up by 9.6% to $1.27.
News For CDTI;HMC From The Last 14 Days
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October 21, 2014
08:07 EDTCDTICDTi reports preliminary Q3 revenue from cont. ops. $9.3M, consensus 11.6M.
The company said that the lower revenue was largely due to a sharp downturn in retrofit demand at a time when DuraFit sales had not yet begun to ramp. As a result, the company expects to report a third quarter operating loss from continuing operations of between $2M-$2.5M, including $0.8M related to severance and charges. The standard exhaust and specialty parts business will be classified as assets held for sale and discontinued operations in CDTi's financial statements.
08:06 EDTCDTICDTi sells standard exhaust, specialty parts busines assets for $1.3M
Clean Diesel Technologies sold substantially all of the assets of its Reno, Nevada-based standard exhaust and specialty parts business on October 20 for approximately $1.3M in cash, subject to certain working capital adjustments. In addition to DuraFit, the company anticipates demand for retrofit products will be stronger in Q4, but that demand will tail off in succeeding quarters. In response to the slowdown in its retrofit business, the company has streamlined its staffing to better align its cost structure with the anticipated softening demand. Combined with measures taken earlier in the quarter, which included consolidation of various staff positions and relocating its corporate office with existing operations in Oxnard, California, these actions will result in an estimated annual reduction in manufacturing and operating expense of approximately $1.2M..
October 16, 2014
06:34 EDTHMCChina to punish automakers that miss fuel standards, Reuters reports
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October 13, 2014
10:20 EDTHMCHonda to recall 43,000 Acuras in US to fix seat belts, Reuters reports
Honda is recalling 43,000 Acura luxury models in the United States to fix faulty seat belts, reports Reuters. Honda said the 2014-2015 models may have seat belts that do not release from the retracted position in very low temperatures. No reports of accidents or injuries related to the issue. Reference Link
06:44 EDTHMCRegulators seeking banks' auto loan data, Reuters reports
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October 8, 2014
10:01 EDTHMCSolarCity and Honda renew partnership to fund $50M in solar projects
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