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Stock Market & Financial Investment News

News Breaks
March 16, 2014
19:24 EDTHMCHonda recalls almost 900,000 Odyssey minivans in U.S on possible fuel leakage
The U.S. National Highway Traffic Safety Administration said in a recall notice posted on Friday that Honda is recalling almost 900,000 2005-2010 Odyssey minivans that could catch fire because of a fuel pump strainer cover that may deteriorate allowing fuel to leak out and increase the risk of fire. Reference Link
News For HMC From The Last 14 Days
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July 28, 2015
06:41 EDTHMCU.S. regulators pledge to continue auto safety crackdown, WSJ reports
Federal regulators have vowed to continue a crackdown on auto makers when discovering "significant" safety lapses, the Wall Street Journal reports. U.S. Transportation Secretary Anthony Foxx said Monday that he was "encouraged" by conversations with car companies about safety problems, the report says. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
July 22, 2015
07:18 EDTHMCAir bag aging poses threat to millions of U.S. drivers, NBC News reports
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July 21, 2015
09:40 EDTHMCJeep Cherokee can be hacked via entertainment system, Wired reports
Hackers Charlie Miller and Chris Valasek demonstrated to Wired how Jeep Cherokees can be hacked via the vehicle’s entertainment system, giving an attacker wireless control of the automobile and its systems. Miller and Valasek previously demonstrated hacks they were able to perpetrate against Ford (F) Escape and Toyota (TM) Prius vehicles, the report noted. Other publicly traded automakers include General Motors (GM), Honda (HMC), Nissan (NSANY) and Volkswagen (VLKAY). Reference Link
July 20, 2015
12:16 EDTHMCHERE offering free HD map data for automated vehicle tests
HERE, a Nokia (NOK) company, announced it is making high-definition mapping data of sections of public roads in four countries available to all automotive companies to support their highly automated vehicle initiatives. HERE is offering HD mapping data of specific stretches of open road in Silicon Valley and Michigan in the United States, as well as in France and Germany, to all carmakers and automotive suppliers for test purposes. HERE plans to offer data for Japan too later this year. HERE is currently working with more than 10 "leading automotive companies" on automated driving projects, the company said. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
09:07 EDTHMCHonda Aircraft expands HondaJet sales to South America
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July 16, 2015
13:52 EDTHMCGM slips after Barclays downgrades auto sector on China downturnbw
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July 14, 2015
16:43 EDTHMCHonda Finance reaches $24M settlement over alleged loan discrimination
The Department of Justice and the Consumer Financial Protection Bureau announced a settlement to resolve allegations that American Honda Finance engaged in a pattern or practice of discrimination against African-American, Hispanic and Asian/Pacific Islander borrowers in auto lending. As part of the settlement, Honda has agreed to change the way it prices its loans by limiting dealer markup to 125 basis points for loans of 60 months or less, and to 100 basis points for loans greater than 60 months. The settlement also provides $24M in compensation for alleged victims of past discrimination. In addition to the $24M in payments for its past conduct, under the Justice Department consent order, Honda will also pay $1M to fund a consumer financial education program focused on consumer auto finance that is designed to benefit African-American, Hispanic and Asian/Pacific Islander populations. The settlement also requires Honda to improve its monitoring and compliance systems. The settlement allows the lender to experiment with different approaches toward lessening discrimination and requires it to regularly report to the department and the CFPB on the results of its efforts as well as discuss potential ways to improve results. Reference Link

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