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Stock Market & Financial Investment News

News Breaks
March 25, 2014
08:11 EDTHMCHonda to reduce production at U.K factory, Belfast Telegraph says
Honda is poised to reduce production at its U.K. factory from three shifts to two, which could threaten 340 jobs, according to the Belfast Telegraph, citing comments from Ian Howells, senior vice president of Honda Motor Europe. Reference Link
News For HMC From The Last 14 Days
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November 25, 2014
06:35 EDTHMCJapanese ministry urging automakers to speed up air bag recalls, Reuters says
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November 24, 2014
18:12 EDTHMCHonda admits to underreporting death and injury incidents, WSJ reports
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November 21, 2014
12:12 EDTHMCHonda may secure replacement parts from suppliers other than Takata, WSJ says
According to sources, Honda is in talks with several suppliers besides Takata about securing replacement parts for vehicles that have been recalled over defective air bags made by Takata, The Wall Street Journal reports. One source says Honda is close to finding "at least" one other supplier. Reference Link
08:14 EDTHMCHonda warned Takata on airbags years before recalls, WSJ reports
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November 20, 2014
07:57 EDTHMCIIHS crash tests results for minivans 'one of the worst', CNBC says
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November 19, 2014
06:51 EDTHMCRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
November 18, 2014
17:37 EDTHMCNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
06:00 EDTHMCHonda quietly offers to replace defective air bags, AP reports
Though its latest recall for defective air bag inflators only covers vehicles in 13 states, Honda is quietly offering to repair the inflators across the U.S. for owners concerned about their safety, the Associated Press reports. Honda is not planning to notify customers outside the recall areas, the AP says. Reference Link
November 16, 2014
19:58 EDTHMCJapan's GDP contracts 1.6% in third quarter, WSJ says
Japan's economy has slumped into a recession in the third quarter as a sales tax increase resulted in firms cutting inventory and capital investment, says the Wall Street Journal. According to the Wall Street Journal report, Japan's real GDP in Q3 retreated 1.6% on an annualized basis against a median forecast for a 2.25% expansion. The setback in the country's growth will likely result in Prime Minster Shinzo Abe postponing a second sales tax increase, added the Wall Street Journal. Reference Link
November 13, 2014
06:46 EDTHMCHonda recalls another 170K vehicles over air bag issue, Reuters says
Honda recalled another 170,000 vehicles globally because of defective air bags supplied by Takata, according to Reuters. Meanwhile, the Malaysian driver of a Honda City vehicle was killed by shrapnel from a Takata air bag, becoming the fifth such fatality globally and the first outside the U.S. ,the news service stated. Reference Link
November 12, 2014
06:39 EDTHMCFormer heads of Honda say more focus on quality control needed, Reuters reports
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