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Stock Market & Financial Investment News

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June 8, 2014
17:44 EDTHMCHonda looks to add to India unit's headcount, Economic Times says
Honda is looking to add 1,000 employees in India by the end of fiscal year 2015 as it is planning to begin a second production shift at its plant there, says the Economic Times. Reference Link
News For HMC From The Last 14 Days
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June 29, 2015
14:57 EDTHMCTakata asks carmakers to delay price cut requests, Nikkei says
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June 26, 2015
07:11 EDTHMCHonda restates earnings to adjust for airbag recall, Reuters reports
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June 25, 2015
18:52 EDTHMCAcura to recall 106,000 SUVs due to faulty air conditioner bolt
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10:01 EDTHMCTrueCar Tprjects retail auto sales to consumers up 7.9% in June
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06:49 EDTHMCSouth Korea orders recall of 24,808 vehicles with Takata air bags, Reuters says
South Korea's transport ministry stated that it ordered Honda (HMC), Fiat Chrysler (FCAU), Ford (F), and Renault to recall 24,808 vehicles that could contain faulty airbags manufactured by Takata (TKTDY), reports Reuters. Reference Link
June 24, 2015
17:57 EDTHMCWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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June 23, 2015
07:53 EDTHMCSenate Commerce, Science & Transportation Committee to hold a hearing
The Committee holds a hearing entitled, "Update on the Recalls of Defective Takata Air Bags and NHTSA’s Vehicle Safety Efforts" with Executive Vice President of Takata, Kevin Kennedy, Sr Vice President of Fiat Chrysler, Scott Kunselman and Executive Vice President of Honda, Rick Schostek on June 23 at 10 am. Webcast Link
June 22, 2015
06:35 EDTHMCHonda says links eighth death to Takata airbags, Reuters reports
Honda (HMC) has confirmed that a September 2014 death of a Los Angeles, California, women, has been connected to the rupture of a Takata (TKTDY) airbag inflator, Reuters reported on Friday. This death is the eighth related to the defective airbags. Reference Link
June 19, 2015
10:50 EDTHMCEPA proposes new rules for medium- and heavy-duty truck emissions
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June 17, 2015
13:05 EDTHMCJ.D. Power: Japanese auto brands struggle to keep up with pace of improvement
With a significant year-over-year improvement, Korean brands continue to widen the quality gap with other automakers, while Japanese makes collectively fall below industry average for the first time in 29 years, according to the J.D. Power 2015 U.S. Initial Quality StudySM released today. Korean brands lead the industry in initial quality by the widest margin ever, averaging 90 PP100, which is an 11 PP100 improvement from 2014. For the first time in the study, European brands surpass Japanese brands, while domestic makes equal the Japanese for only a second time. Porsche (POAHY) ranks highest in initial quality for a third consecutive year, posting a score of 80 PP100. With a 20 PP100 improvement from 2014, Kia follows Porsche in the rankings at 86 PP100. This marks the first time in the history of the study that Kia has led all non-premium makes in initial quality. Jaguar (TTM), Hyundai (HYMLF) and Infiniti (NSANY) round out the top five nameplates. Infiniti is one of the most improved brands in the study, lowering its problem score by 31 PP100 from 2014. Reference Link
June 15, 2015
16:51 EDTHMCHonda statement on recall of certain Takata front airbag inflators
Honda announced that it will initiate a national recall to replace, free of charge, Takata passenger front airbag inflators installed in certain 2001-2005 Civic and 2003-2007 Accord models sold in the United States following a recently announced defect determination by Takata. The recall will add 1.39 million passenger front airbag inflators not previously subject to either a recall or safety improvement campaign .In its preliminary announcement on May 28, Honda stated that it would recall a more limited population of vehicles. That announcement, which was based on the specific regional nature of the defect determination made by Takata, indicated that approximately 350,000 additional passenger front airbag inflators would be added to inflators included in an earlier regional action . However, the NHTSA subsequently interpreted the Takata defect determination as requiring a national recall and directed Honda to conduct a national recall. As a result, based on the Takata defect determination and the NHTSA's subsequent directive, Honda decided to conduct a national recall that will include approximately 1.39M inflators not previously subject to recall or safety improvement campaign (this includes the estimated 350,000 inflators mentioned in the preliminary announcement). According to currently available information, this results in a total of approximately 2.3M passenger front airbag inflators now requiring replacement in this action.Importantly, approximately 915,000 of the affected Civic and Accord vehicles included in existing passenger front airbag inflator recalls and Honda's voluntary safety improvement campaigns will transition into the new recall. The same free repair - replacement of the passenger front airbag inflator - will be completed under the new national action.
13:20 EDTHMCHonda to stop selling CNG Civic citing lack of demand, WSJ reports
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