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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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April 17, 2014
08:10 EDTHMCJapanese, German car manufacturers benefiting on Korea deal, Reuters says
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07:58 EDTHMCEU vehicle sales turnaround fails to stop price war, Reuters says
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April 15, 2014
18:11 EDTHMCMajor Japanese automakers target 30% production increase in Asia, Nikkei says
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08:12 EDTHMCBofA/Merrill to hold a summit
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April 11, 2014
07:31 EDTHMCChina auto sales growth slowed in March, WSJ reports
The China Association of Automobile Manufacturers said 1.71M passenger vehicles were sold there in March, which was up 7.9% from a year earlier but a slower growth rate than the 11% year-over-year increase seen in the January-to-February period, reported The Wall Street Journal. The association cited weak sales of minivans, which fell 23% in the month, as a large factor, the report noted. Publicly traded automakers include Ford (F), General Motors (GM), Fiat (FIATY), Honda (HMC), Toyota (TM), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link

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