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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
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October 23, 2014
06:58 EDTHMCHonda volatility elevated into Q2 and outlook
Honda November call option implied volatility is at 31, December is at 24, January is at 23; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on October 28.
06:37 EDTHMCHonda president, 12 execs take wage reduction after Fit recall, Reuters says
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October 22, 2014
06:24 EDTHMCNHTSA says over 6M cars involved in Takata airbag recalls
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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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