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Stock Market & Financial Investment News

News Breaks
February 25, 2014
05:43 EDTTM, HYMLF, HMCHydrogen cars to take on electric models beginning this spring, WSJ reports
Pressured by regulators, a number of auto makers are preparing to roll out emissions-free cars powered by hydrogen fuel cells, reports the Wall Street Journal. Three car makers will lease a small number of new vehicles in California and in a few countries in Europe by the end of 2015. Hyundai Motor (HYMLF) is expected to be ready this spring, followed next year by Toyota Motor (TM) and Honda Motor (HMC). Reference Link
News For HYMLF;TM;HMC From The Last 14 Days
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March 3, 2015
10:58 EDTHMCHonda reports February U.S. sales up 5% to 105,466 units
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10:47 EDTTMToyota reports February U.S. sales up 13.3% to 180,467 units
Toyota, Scion and Lexus reported total February sales results of 180,467 units, an increase of 13.3% from February 2014 on a volume basis.
05:52 EDTTMToyota promises to stay profitable in Russia, Financial Times reports
Toyota has vowed to stay profitable in Russia although the company expects a 28% drop in the car market in the country, reports the Financial Times. Toyota's president and CEO of Toyota in Europe Didier Leroy said, “Many carmakers now say there is no way — people will lose money in Russia. And we say no way — we will not lose money in Russia ." Reference Link
February 26, 2015
10:39 EDTHMC, TMOrbital ATK selected by 10 automakers to investigate Takata airbags
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February 25, 2015
06:33 EDTTMToyota says union salary demands 'impossible,' Reuters reports
Toyota said today that it would not be able to meet union demands for a $112 increase in monthly pay, according to Reuters. The statement came at the end of the first day of the company's talks with worker representatives, the news service stated. Reference Link
February 24, 2015
13:13 EDTHMC, TMTesla Model S named 'best overall' by Consumer Reports
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February 23, 2015
06:03 EDTHMCHonda says Takanobu Ito to step down as CEO, Takahiro Hachigo named new CEO
Takanobu Ito is stepping down as president and CEO of Honda, the company announced in a press release. Takahiro Hachigo, Honda's managing officer, will take over as president and CEO in June.
February 20, 2015
07:30 EDTHMCHonda cuts production by another 5,000 due to U.S. port strikes, Reuters says
Honda Motor Co stated it will lower production at two factories in Indiana and Canada from February 24 to March 2 due to a parts shortage brought on by continuing U.S. port strikes, reports Reuters, citing a Honda spokesperson. Total output loss for the two factories -- which mainly produce Civics -- will be roughly 5,000 cars, while total output loss for the company from February 16 to 23 will be roughly 20,000 cars. The spokesperson said supply will be "a little bit better next week" due to air deliveries. Reference Link
February 18, 2015
06:38 EDTTM, HMCCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link

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