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Stock Market & Financial Investment News

News Breaks
June 23, 2014
06:03 EDTNSANY, HMCNissan, Honda recalling vehicles for defective airbags, AP reports
Honda (HMC) is recalling 2.03M vehicles globally manufactured from 2000-2005 for defective airbags manufactured by Takata Corp that could potentially explode, the Associated Press reports. Nissan (NSANY) is recalling 755,000 vehicles globally manufactured from 2001-2003 for the same issue. Mazda is recalling around 160,000 vehicles manufactured from 2002-2004. No accidents have been reported related to the recalls. Reference Link
News For HMC;NSANY From The Last 14 Days
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February 27, 2015
06:49 EDTNSANYNissan says no major new investment needed to meet U.S. goal, Reuters reports
Nissan will be able to reach its goal of attaining 10% market share in the U.S. without making any major new investments, said Jose Munoz, an executive vice president at Nissan and the chairman of its North American arm, according to Reuters. Reference Link
06:37 EDTNSANYNissan president to emphasize customer service, dealerships, WSJ says
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February 26, 2015
10:39 EDTHMC, NSANYOrbital ATK selected by 10 automakers to investigate Takata airbags
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February 24, 2015
13:13 EDTHMCTesla Model S named 'best overall' by Consumer Reports
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February 23, 2015
06:03 EDTHMCHonda says Takanobu Ito to step down as CEO, Takahiro Hachigo named new CEO
Takanobu Ito is stepping down as president and CEO of Honda, the company announced in a press release. Takahiro Hachigo, Honda's managing officer, will take over as president and CEO in June.
February 20, 2015
07:30 EDTHMCHonda cuts production by another 5,000 due to U.S. port strikes, Reuters says
Honda Motor Co stated it will lower production at two factories in Indiana and Canada from February 24 to March 2 due to a parts shortage brought on by continuing U.S. port strikes, reports Reuters, citing a Honda spokesperson. Total output loss for the two factories -- which mainly produce Civics -- will be roughly 5,000 cars, while total output loss for the company from February 16 to 23 will be roughly 20,000 cars. The spokesperson said supply will be "a little bit better next week" due to air deliveries. Reference Link
February 18, 2015
11:20 EDTNSANYNissan upgraded to Buy from Neutral at UBS
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06:38 EDTNSANY, HMCCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link

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