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Stock Market & Financial Investment News

News Breaks
July 7, 2014
06:21 EDTNSANY, MZDAF, HMCMexico beats Brazil as number 1 Latin American car maker, Bloomberg says
Mexico is positioned to surpass Brazil as the number one Latin American vehicle manufacturer for the first time in over ten years as increasing exports to the U.S. spark factory openings and record output, according to Bloomberg, citing consultant IHS Automotive. The Mexican Automobile Industry Association said that vehicle output in Mexico rose 7.2% and was bolstered by new plants for Nissan (NSANY), Honda (HMC), and Mazda (MZDAF). Reference Link
News For NSANY;HMC;MZDAF From The Last 14 Days
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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 EDTNSANY, MZDAF, HMCHonda warned Takata on airbags years before recalls, WSJ reports
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November 20, 2014
07:57 EDTHMC, NSANYIIHS crash tests results for minivans 'one of the worst', CNBC says
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November 19, 2014
06:51 EDTHMC, NSANYRegulators 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 EDTNSANY, HMCNHTSA 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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November 10, 2014
15:57 EDTNSANYWorldwide Business Research to hold a conference
ProcureCon for Digital & Marketing Services 2014 is being held in San Antonio on November 11-13.
11:16 EDTNSANYNissan to hire 1,000 more workers, Automotive News says
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06:51 EDTHMCHonda to prioritize quality over sales goal, Reuters reports
Honda 's CEO said quality improvements would be more important to the company than its 6M car sales target for the year starting April 2016, according to Reuters. Honda is recalling millions of its cars to repair potentially defective air bags, the news service noted. Reference Link
November 9, 2014
16:24 EDTHMCHonda Accord probed by regulators on power steering issue, Bloomberg says
Honda's Accord is being investigated by U.S. regulators after numerous complaints about power steering failure in 2013 models, says Bloomberg. The National Highway Traffic Safety Administrationís Office of Defect Investigation says that 374,000 vehicles may be affected, added Bloomberg. Reference Link
15:59 EDTNSANYNissan expands recall over potentially faulty air bags, Bloomberg says
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