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Stock Market & Financial Investment News

News Breaks
December 4, 2012
12:46 EDTHMC, NSANYNissan, Honda to begin producing U.S.-bound cars in Mexico, Nikkei reports
Nissan (NSANY) and Honda (HMC) are both said to be planning production of subcompact vehicles in Mexico to be sold in the U.S., according to a Nikkei report. Nissan will begin production of a new version of their Versa hatchback in Mexico as early as 2H13, and Honda is said to be moving production of their Fit subcompact from Japan to Mexico in 2014, according to the report. Reference Link
News For NSANY;HMC From The Last 14 Days
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September 3, 2015
13:03 EDTNSANYDaimler and Renault-Nissan break ground for new JV plant in Mexico
Daimler (DDAIF) and the Renault-Nissan (NSANY) alliance broke ground for their joint-venture manufacturing complex, COMPAS in Aguascalientes in central Mexico, which will build next-generation premium compact vehicles for the brands Mercedes-Benz and Infiniti. The partners will invest a total of $1Bin the joint venture which will oversee the construction and operation of the state-of-the-art manufacturing plant. COMPAS will have an initial annual production capacity of more than 230,000 vehicles and will create about 3,600 direct jobs by 2020. Depending on the market development and customer demand, there will be the potential to add additional capacity. Production of Infiniti vehicles will begin in 2017, while the first Mercedes-Benz vehicles will roll off the line in 2018. In addition to the direct employment it provides, COMPAS is also expected to generate some 12,000 indirect jobs - largely due to a high localization rate which will significantly increase the Mexican supply base.
06:14 EDTNSANYNissan plans GBP100M investment into Sunderland plant, Telegraph reports
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September 1, 2015
14:55 EDTNSANY, HMCAutodata says U.S. auto sales rate comes in at 17.8M SAAR, CNBC reports
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10:45 EDTHMCHonda reports August U.S. sales down 6.9% to 155,491 units
10:33 EDTNSANYNissan reports August U.S. sales down 0.8% to 133,351 units
August 26, 2015
16:26 EDTNSANY, HMCMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
13:42 EDTNSANY, HMCTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTHMC, NSANYTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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August 21, 2015
18:42 EDTHMCNHTSA launches probe into 2008 Honda Accord air bag controller, Reuters says
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10:02 EDTHMCHome Depot, Honda Power Equipment expand supply partnership
Honda Power Equipment, a division of American Honda Motor Co. (HMC), and marketer of a comprehensive range of outdoor power equipment, announced today the expansion of its partnership with The Home Depot (HD). Beginning September 1, a number of Honda generator models will be sold at The Home Depot's top 300 U.S. PRO Desk locations, a specialized area of the store dedicated to the product and service needs of the professional contractor.
August 20, 2015
10:32 EDTNSANYRenault-Nissan to cut nearly 1,000 jobs at plant in Chennai, Times of India says
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10:00 EDTNSANYOn The Fly: Analyst Upgrade Summary
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06:53 EDTNSANYNissan upgraded to Overweight from Neutral at JPMorgan (yesterday)
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