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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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October 2, 2015
18:20 EDTHMCHonda to recall 37 model-year 2003 Odyssey vehicles due to airbag module
Honda will voluntarily recall 37 model-year 2003 Odyssey vehicles in the United States to replace the passenger front airbag module, free of charge. Prior-generation original airbag modules designed for the 2002 Odyssey were mistakenly supplied during production of affected 2003 Odyssey vehicles. The incorrect airbag modules do not comply with newer United States federal regulations that came into effect for the 2003 model year. No crashes or injuries have been reported related to this issue, which was discovered during repairs under a Takata front passenger airbag inflator recall.Reference Link
07:35 EDTHMCHonda recalling 143,676 2014-2015 Civic vehicles
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October 1, 2015
18:05 EDTHMCHonda to recall 143,000 model-year 2014-2015 Civic and 2015 Fit vehicles
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16:23 EDTHMCOn The Fly: Top stock stories for Thursday
Stocks were lower for much of the first day of the new quarter, continuing the downtrend that has been prevalent for the last three months, but a late day rally lifted the averages back to a mixed close, with the Dow failing to join the Nasdaq and S&P in the green. It remains to be seen if tomorrow's nonfarm payrolls report will change the market's tone or how the data will influence the Federal Reserve, which meets again later this month to make another rate decision. ECONOMIC EVENTS: In the U.S., Markit's manufacturing purchasing managers' index inched up to 53.1 in the final September reading, compared to the preliminary September figure of 53.0. ISM's manufacturing index fell to 50.2 in September, versus expectations for a reading of 50.6. Construction spending grew 0.7% in August, versus the consensus expectation for a rise of 0.5%. Initial jobless claims rose to 277,000 last week, versus expectations for 271,000 first-time claims. In Asia, Chinese markets were closed for holidays, but monthly manufacturing data was still released. The government's official manufacturing PMI ticked up to 49.8, beating expectations for a 49.6 reading. The final Caixin/Markit PMI, meanwhile, fell to a fresh six-and-a-half-year low of 47.2 in September, though that was slightly improved from an earlier flash estimate of 47. In Japan, the Bank of Japan's quarterly tankan survey of large manufacturers for the September quarter came in at positive 12, compared with expectations for a positive 13 reading. In Europe, Markit's final Eurozone manufacturing PMI for September came in at 52.0, down from August's final 52.3 reading but still in expansion territory. COMPANY NEWS: Shares of General Motors (GM) advanced 2.2% to $30.67 after the company reported its U.S. sales grew 12% in September compared to the same month of last year. Additionally, the auto giant hosted a global business update event, where it announced two new car- and ride-sharing projects and confirmed its plans to jointly develop a commercially viable fuel cell vehicle with Honda (HMC) in the 2020 timeframe. Ford (F), which said its U.S. sales rose 23% in September, gained 0.7% to $13.66 following its monthly sale report, while Fiat Chrysler (FCAU), whose U.S. sales increased 14% last month, rose 2.4% to $13.52 per share. MAJOR MOVERS: Among the notable gainers was Sarepta Therapeutics (SRPT), which rose $7.17, or 22.33%, to $39.28 after releasing additional Phase 2b data on its eteplirsen treatment for muscular dystrophy. Also higher was Tyler Technologies (TYL), which gained $15.17, or 10.17%, to $164.39 after agreeing to acquire New World Systems for $670M, prompting research firm Maxim to upgrade Tyler shares to Buy on the "highly" complementary transaction. Among the noteworthy losers was Dunkin' Brands (DNKN), which fell $6.00, or 12.24%, to $43.00 after projecting below-consensus quarterly same store sales and announcing plans to close 100 U.S. locations. Also lower was FXCM (FXCM), which dropped 69c, or 7.93%, to $8.01 after disclosing that it was the victim of a cybersecurity attack involving "a small number of unauthorized wire transfers from customer accounts." Twitter (TWTR) fell 8.4% to $24.67, seeing incremental declines throughout the day as investors waited for a rumored CEO announcement that never materialized. INDEXES: The Dow slipped 12.69, or 0.08%, to 16,272.01, the Nasdaq gained 6.92, or 0.15%, to 4,627.08, and the S&P 500 advanced 3.79, or 0.2%, to 1,923.82.
11:10 EDTHMCHonda reports September U.S. sales up 13.1% to 133,750 vehicles
Honda reported a 13.1% September 2015 U.S. sales increase on total sales of 133,750 Honda and Acura vehicles for a new September benchmark. Honda Division sales totaled 119,046, up 14 percent for a new September record, with car sales reaching 63,572 for a 2 percent gain and truck sales rising 31.9 percent on sales of 55,474 for another September record. Acura reported 14,704 vehicle sales for a solid 6.3 percent gain, with cars capturing 6,543 sales and trucks setting a new September record, reaching 8,161 sales.
09:05 EDTHMCGeneral Motors outlines plans on future of personal mobility
General Motors (GM) CEO Mary Barra and her leadership team outlined the company's plans to capitalize on the future of personal mobility. GM also said it plans to strengthen its core business through global growth initiatives and an aggressive product launch cadence. As a result, the company expects to increase its earnings per share and generate significant shareholder value. The company shared its plans with investors during a conference at its Milford Proving Ground. GM announced that late in 2016 it will add a fleet of 2017 Chevrolet Volts designed to drive autonomously within its renovated Warren Technical Center campus. GM also announced two new car- and ride-sharing projects, one in New York City operating today and one to come in first quarter next year in another U.S. city. In collaboration with Honda, it is developing a next-generation hydrogen fuel cell stack and hydrogen storage systems. GM confirmed its plans to jointly develop a commercially viable fuel cell vehicle with Honda (HMC) in the 2020 timeframe. The company expects to grow its business over the next five years through key initiatives including a $5 billion investment in an all-new Chevrolet growth market vehicle family; maintaining a strong market position in China by enhancing its presence in SUV and luxury segments; expanding Cadillac's vehicle portfolio into growing luxury segments; continuing the growth of GM Financial through the expansion of services globally, and expanding aftersales and OnStar revenue opportunities globally. In the same timeframe, GM plans to introduce a large number of all-new or refreshed vehicles globally. In 2015, about 26 percent of GM's global sales volume has come from vehicles new or refreshed within the previous 18 months. This percentage is projected to be 39 percent in 2016, 40 percent in 2017, 31 percent in 2018, and reach 40 percent in 2019 and 2020. GM is also accelerating its efforts to drive further cost efficiencies across the value chain, with a focus on enhancing overall value for its customers. The company said it expects to generate benefits of approximately $5.5 billion in purchasing, manufacturing and administration expense between 2015 and 2018, more than offsetting increased investments in brand development and technology.
05:56 EDTHMCTrueCar boosts 2015 U.S. sales forecast to 17.4M from 17.2M
TrueCar (TRUE) raised its 2015 annual forecast by 200,000 units to 17.4 million as sales growth in the remaining months of 2015 is poised to remain vigorous. New auto sales in September, aided by a later-than-usual Labor Day, should expand by 12.6 percent from a year ago, while the Seasonally Adjusted Annual Rate should reach 17.7 million units. That strength underpins TrueCar's revised full-year industry forecast of 17.4 million units, the highest volume since 2000. Retail share of the total industry likely expanded a full point in September versus last year, indicating busier-than-average showrooms. Confident consumers are expected to push new vehicle revenue to a record $45 billion for the month, up 13.2 percent versus the same period last year. Publicly traded companies in the space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Daimler (DDAIF) and Volkswagen (VLKAY). TrueCar EVP Larry Dominique commented, "Volkswagen's stop sell of diesel vehicles in the U.S. causes a noticeable hit to its September revenue, with a 7.7 percent decline. We expect sales to dip by at least by 5 percent and incentives to increase by $235 per unit, which will be essential to push non-impacted models off the lots."
September 23, 2015
19:07 EDTHMCStudy shows U.S. cars less safe than EU vehicles, Independent says
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September 21, 2015
08:29 EDTHMCOff-road dealer checks 'somewhat mixed' for Polaris, says Wunderlich
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