Thu, Mar. 3, 10:51 AM
- The Geneva International Motor Show is feeling a large electric jolt after the Volkswagen (OTCPK:VLKAY) emissions cheating scandal turned a spotlight on the diesel industry.
- Automakers pushing their new EV models or plans include Opel (NYSE:GM), Mercedes-Benz (OTCPK:DDAIF), PSA Peugeot Citroen (OTCPK:PEUGF, OTCPK:PUGOY), BMW (OTCPK:BAMXY), Hyundai (OTC:HYMLF), and Honda (NYSE:HMC). Even Volkswagen is talking at the event about its all-electric push.
- Behind the scenes, heavyweight industry execs are asking for government help with incentives and charging infrastructure to boost EV demand on the continent. Pure electric sales decelerated during January in Western Europe after some strong months in 2015.
- The developments in Geneva could be considered positive for Tesla Motors (NASDAQ:TSLA) on the demand side or negative if the increased level of global competition is taken into account. In Palo Alto, the focus is on the Model 3 unveiling set for March 31, while the usual long vs. short (Nasdaq short interest report, Citron) battle plays out in the market.
Tue, Mar. 1, 11:02 AM
- Honda (NYSE:HMC) unit sales +12.8% to 118,985 units to top the TrueCar estimate of +7% and match Kelley Blue Book's forecast.
- Truck sales were up 27% during the month.
- Sales in the Honda division increased +15% to 106,212 units, while Acura sales were down 2% to 12,773 units.
- Sales growth by model: Accord +19% to 25,785; Civic +32% to 27,707; Pilot -24% to 9,572; CR-V +13% to 25,250; Acura ILX +56% to 1,500; Acura TLX -10% to 3,080.
- YTD Honda sales +6% to 219,842 units.
Thu, Feb. 25, 3:19 PM
- Kelley Blue Book forecasts new car sales in the U.S. will increase 9.1% Y/Y in February to 1.37M units. Sales got a boost from an extra selling day and an increased level of incentives from manufacturers on top of some favorable macroeconomic factors.
- Forecasts by major manufacturers are posted below.
- General Motors (NYSE:GM): +8% Y/Y to 250K units, market share of 18.2%.
- Ford (NYSE:F): +12% to 202K, market share of 14.7%.
- Toyota (NYSE:TM): +7.5% to 194K units, market share 14.2%.
- Fiat Chrysler Automobiles (NYSE:FCAU): +11% to 181K units, market share of 13.2%.
- Honda (NYSE:HMC): +13% to 119K units, market share 8.7%.
- Nissan (OTCPK:NSANY): +9% to 129K units, market share 9.4%.
- Hyundai/Kia (OTC:HYMLF): +4% to 100K, market share 7.3%.
- Volkswagen/Audi (OTCPK:VLKAY): +4% to 42K, market share 3.1%.
Wed, Feb. 24, 7:20 AM
- Honda (NYSE:HMC) says it will aim for EVs to account for two-thirds of all sales by 2030. EVs only make up about 5% of the automaker's sales currently, inclusive of hybrids.
- The bold declaration by Honda follows similar EV commitments from Toyota and General Motors.
- A new plug-in hybrid vehicle is expected to be introduced by Honda in North America by 2018.
Tue, Feb. 23, 3:24 PM
- Consumer Reports is out with its list of best 2016 cars.
- Best subcompact car: Honda Fit (NYSE:HMC)
- Best compact car: Subaru Impreza (OTCPK:FUJHY)
- Best midsized car: Toyota Camry (NYSE:TM)
- Best small SUV: Subaru Forester
- Best luxury SUV: Lexus RX
- Best sports car (sub-$40K): Mazda MX-5 Miata (OTCPK:MZDAY)
- Best large car: Chevrolet Impala (NYSE:GM)
- Best midsized SUV: Kia Sorento (OTC:HYMLF)
- Best pickup truck: Ford F-150 (NYSE:F)
- Best minivan: Toyota Sienna
- Audi (OTCPK:VLKAY) won the award for top overall brand, while Fiat (NYSE:FCAU) came in last. Ford was selected as the top U.S. brand and Buick surprised with a strong 7th place ranking.
- The Tesla Model S (NASDAQ:TSLA) didn't get a chance to three-peat as the best overall car after CR pulled the award.
Mon, Feb. 22, 10:32 AM
- Visa (V +1.6%) announces it will offer an advanced secure payments system to the automobile industry.
- The company demonstrated the payment-by-dashboard concept today during its presentation at the Mobile World Congress event in Spain.
- Visa has Honda (HMC +0.7%) signed up as an early partner in the development of payment apps and solutions for automobiles.
Tue, Feb. 16, 10:27 AM
- Honda (NYSE:HMC) car registrations +42.8% to 12,634 units in January according to the European Automobile Manufacturers Association. Jaguar registrations were up 160%.
- Overall EU registrations +6.2% Y/Y to 1,061,150 units in January, led by strong demand in Italy and Spain. Positive registration growth was also recorded in Germany, France, and the U.K.
- Honda market share: 1.2% vs. 0.9% a year ago.
- EAMA release (.pdf)
Wed, Feb. 10, 2:07 PM| Wed, Feb. 10, 2:07 PM
Fri, Feb. 5, 4:57 AM
- Honda (NYSE:HMC) recalls another 443K vehicles in Japan due to faulty air bags made by Takata (OTCPK:TKTDY).
- The latest Takata headache for the Japanese automaker covers 13 different models, including the Fit compact car. The global tally of recalled vehicles tied to Takata air bags is now over 50M.
Thu, Feb. 4, 2:39 AM
- Honda (NYSE:HMC) is adding 2.23M vehicles to its recall in North America of late-models equipped with potentially defective Takata (OTCPK:TKTDY) air bags.
- Since 2008, the automaker has called back more than 6M U.S. cars to replace Takata inflators that could rupture. Of the nine American deaths linked to the devices, eight have come in Honda vehicles.
Tue, Feb. 2, 1:07 PM
- Honda (NYSE:HMC) unit sales -1.7% to 100,497 units, analysts expected a larger year-over-year drop.
- Car sales rose 8.7% to 54,382. Truck sales fell 12% to 46,115 units.
- Sales in the Honda division increased +8.4% to 90,247 units, while Acura sales fell back 15% to 10,250 units.
Fri, Jan. 29, 6:15 AM
- Honda Motor (NYSE:HMC): FQ3 net income of ¥124.1B
- Revenue of ¥3.62T (+3.4% Y/Y).
- FY16 guidance: Sales ¥14.55T, operating profit ¥685B, net income ¥525B.
Thu, Jan. 28, 5:30 PM
Fri, Jan. 22, 3:54 AM
- Automakers recalled a record 51.26M vehicles in the United States last year, continuing a historic surge for car companies facing an unprecedented government crackdown on safety lapses.
- According to the NHTSA, that figure topped the 50.99M vehicles called back in 2014, meaning that the recalls in each of the past two years surpassed any annual total logged by federal regulators in nearly five decades.
- Notable recalls: HMC, FCAU, OTCPK:TKTDY
Thu, Jan. 21, 1:14 PM
- Honda (HMC -1.7%) announces it expects to price the Clarity fuel cell vehicle at around $60K.
- The automaker is releasing the hydrogen-powered model in select California markets later this year.
- The Clarity is expected to feature a driving range of 300 miles and ability to recharge in three to five minutes.
Sat, Jan. 16, 4:27 PM
- Honda (NYSE:HMC) and General Motors (NYSE:GM) are planning to build a large fuel cell plant together, according to a report out of Japan. The development is the next step of a multi-year collaboration between the companies on fuel cell technology.
- The two automakers aim to mass produce fuel cells by 2025 at the latest.
- Fuel cell dreams: The Japanese government's strategy to support the FCV industry has pushed Honda into a more active role, while GM thinks its fuel cell program could expand outside of the transportation sector.
Honda Motor Co., Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and... More
Sector: Consumer Goods
Industry: Auto Manufacturers - Major
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