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Stock Market & Financial Investment News

News Breaks
October 7, 2012
19:32 EDTHMCHonda statement on U.S. recall of 2002-2006 CR-V vehicles
Honda will voluntarily recall approximately 268,000 model-year 2002-2006 CR-V vehicles in the United States to inspect and repair or replace the power window master switch. Under severe conditions, rain water or other spilled liquids may enter through an open driverís window and enter the master power window switch on the driverís door. Over time, exposure to water and other fluids can cause electrical resistance in the switch, which ultimately can cause the switch to overheat and melt, damaging the switch and potentially damaging an associated wire harness. Additionally, if a switch melts, it could produce smoke and, potentially cause a fire, creating a risk to motor vehicle safety. No crashes or injuries have been reported related to this issue, but there have been four switch fires reported. Reference Link
News For HMC From The Last 14 Days
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February 12, 2016
06:52 EDTHMCHonda aims to revive Ridgeline, reduce reliance on cars in U.S., WSJ says
Honda plans to revive the Ridgeline pickup, doubling down on SUVs and reducing reliance on sedans and compact cars in the U.S., the Wall Street Journal reports. Reference Link
February 5, 2016
06:09 EDTHMCHonda, Fiat to recall about 5M vehicles to fix airbag defect, NY Times reports
Car makers including Honda (HMC) and Fiat Chrysler (FCAU) plan to recall roughly 5M vehicles worldwide to repair a malfunction in an airbag component known for years but left unaddressed, the New York Times reports. Continental Automotive Systems, the German supplier that builds electronic components that control car airbags, has known about a defect in certain units since January 2008, the report says, citing a filing with federal safety regulators. Semiconductors within the unit could corrode, which could cause the airbags to deploy inadvertently or not deploy at all, the report says. No fewer than nine injuries have been linked to the malfunction, the report says. Reference Link
February 3, 2016
13:56 EDTHMCHonda recalls 1.7M vehicles due to Takata airbag inflators, Automotive News says
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February 2, 2016
14:11 EDTHMCAutodata estimates January U.S. auto sales pace at 17.58M, CNBC reports
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10:30 EDTHMCHonda reports January U.S. sales down 1.7% to 100,497 vehicles
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07:09 EDTHMCTrueCar projects U.S. revenue from new vehicle sales reached $38B in January
TrueCar projects U.S. revenue from new vehicle sales reached a record high for the month of January of $38 billion, up 1.4 percent from a year ago. January marked the auto industry's 25th consecutive month of year over year revenue expansion. Higher average transaction prices helped automakers post a $520 million gain in revenue versus January 2015, despite a likely increase in incentive spending and somewhat lower sales compared with a year ago. As previously announced, TrueCar projects sales of new cars and light trucks contracted 0.3 percent last month. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
February 1, 2016
18:46 EDTHMCAutomakers hit with additional costs due to China regulatory shift, Reuters says
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January 29, 2016
08:03 EDTHMCHonda reports Q3 Motorcycle sales revenue Y 442.1B
Reports Q3 Automobile sales revenue Y 2.65T. Reports Q3 Financial services sales revenue Y444.5B.
06:10 EDTHMCHonda sees FY16 Motorcycles sales 10,715 units
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06:08 EDTHMCHonda sees FY16 EPS Y291.30, revenue Y14.55T
Sees FY16 operating profit Y685B, profit before income taxes Y805B.
06:06 EDTHMCHonda reports Q3 EPS Y68.91 vs. Y84.56 last year
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