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Stock Market & Financial Investment News

News Breaks
June 11, 2014
06:46 EDTDDAIF, HMC, HYMLFHyundai's zero-emission car makes debut in U.S., Reuters says
Hyundai announced that it sold its first hydrogen fuel-cell vehicle in Southern California, marking the commercial debut of its mass-produced zero-emission car in the U.S., reported Reuters. Honda (HMC) and Daimler's (DDAIF) Mercedes-Benz, have already put fuel cell cars on the road, albeit in very limited numbers. Reference Link
News For HYMLF;HMC;DDAIF From The Last 14 Days
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February 5, 2016
08:36 EDTDDAIFDaimler CEO: Won't sacrifice margins in effort to overtake BMW, Reuters says
Daimler (DDAIF) CEO Dieter Zetsche said that the auto maker would not sacrifice margins in its effort to overtake BMW (BAMXY) to become the best-selling luxury car brand, Reuters reports, citing comments from Zetsche to analysts at a conference to discuss Q4 results. Zetsche is urging Mercedes to become the leading luxury car brand by 2020 after surpassing Volkswagen's (VLKAY) Audi (AUDVF), the report says. "The volume lead should be the consequence of having the best offering," Zetsche said. "If we accomplish this, it is a natural consequence that more people will choose us." He added, "People said it will create pricing and margin pressure. Exactly the opposite is true." Reference Link
06:09 EDTHMCHonda, Fiat to recall about 5M vehicles to fix airbag defect, NY Times reports
Car makers including Honda (HMC) and Fiat Chrysler (FCAU) plan to recall roughly 5M vehicles worldwide to repair a malfunction in an airbag component known for years but left unaddressed, the New York Times reports. Continental Automotive Systems, the German supplier that builds electronic components that control car airbags, has known about a defect in certain units since January 2008, the report says, citing a filing with federal safety regulators. Semiconductors within the unit could corrode, which could cause the airbags to deploy inadvertently or not deploy at all, the report says. No fewer than nine injuries have been linked to the malfunction, the report says. Reference Link
February 4, 2016
05:54 EDTDDAIFDaimler AG sees growth for unit sales, revenue, EBIT in FY16
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05:52 EDTDDAIFDaimler AG reports Q4 EPS EUR 1.90 vs. EUR 1.02 last year
Reports Q4 Revenue EUR 40.43B vs. EUR 35.75B last year. Reports Q4 net profit EUR 2.1B vs. EUR 1.19B last year.
February 3, 2016
13:56 EDTHMCHonda recalls 1.7M vehicles due to Takata airbag inflators, Automotive News says
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February 2, 2016
14:11 EDTHMCAutodata estimates January U.S. auto sales pace at 17.58M, CNBC reports
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10:30 EDTHMCHonda reports January U.S. sales down 1.7% to 100,497 vehicles
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07:09 EDTDDAIF, HMCTrueCar projects U.S. revenue from new vehicle sales reached $38B in January
TrueCar projects U.S. revenue from new vehicle sales reached a record high for the month of January of $38 billion, up 1.4 percent from a year ago. January marked the auto industry's 25th consecutive month of year over year revenue expansion. Higher average transaction prices helped automakers post a $520 million gain in revenue versus January 2015, despite a likely increase in incentive spending and somewhat lower sales compared with a year ago. As previously announced, TrueCar projects sales of new cars and light trucks contracted 0.3 percent last month. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).
February 1, 2016
18:46 EDTDDAIF, HMCAutomakers hit with additional costs due to China regulatory shift, Reuters says
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January 29, 2016
08:03 EDTHMCHonda reports Q3 Motorcycle sales revenue Y 442.1B
Reports Q3 Automobile sales revenue Y 2.65T. Reports Q3 Financial services sales revenue Y444.5B.
06:10 EDTHMCHonda sees FY16 Motorcycles sales 10,715 units
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06:08 EDTHMCHonda sees FY16 EPS Y291.30, revenue Y14.55T
Sees FY16 operating profit Y685B, profit before income taxes Y805B.
06:06 EDTHMCHonda reports Q3 EPS Y68.91 vs. Y84.56 last year
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January 28, 2016
10:28 EDTHMCTakata CEO plans to resign, WSJ reports
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January 24, 2016
19:10 EDTDDAIFDaimler CEO: Apple, Google farther along on car than assumed, Reuters says
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