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Honda Motor Co., Ltd.

5/20/2013, 4:16 AM ET

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Monday, October 8, 2012, 8:32 AM Japan's big three auto makers reportedly will cut production for China by half, as the two countries remain at odds over ownership of a few small islands. Nissan (NSANY.OB) will suspend the night shift at its two passenger car factories in China, while Toyota (TM) and Honda (HMC) will cut China production by shortening working hours and slowing production lines. Comment! [Consumer, Global & FX]
Thursday, October 4, 2012, 9:29 AM Honda (HMC) announces a recall of 820K Civic models and Pilot SUVs due to faulty headlights. Civics from the 2002 and 2003 model years and Pilots from 2004 and 2005 are caught under the recall. Comment! [Consumer]
Tuesday, October 2, 2012, 2:34 PM Honda (HMC) September U.S. sales: +30.9% to 117,211 vehicles, beating the consensus estimate of analysts calling for a 28% gain. Honda division +29.3%; led by 57% gains for both Accord and Civic. Acura division sales rose 43.5% to 14,366, with demand strong for RDX. (PR) Comment! [Consumer, Global & FX]
Monday, October 1, 2012, 11:33 AM Honda (HMC -0.2%) expands a recall over power steering issues to include 600K Accord mid-size sedans, according to documents filed with the NHTSA. Accords with V6 engines from model years 2003 to 2007 have been added to an original recall covering Acura models. Comment! [Consumer, Global & FX]
Friday, September 28, 2012, 1:57 PM Going through the motions? National Geographic can't help but notice in its breakdown of the electric vehicle market that Honda (HMC -2.8%) is a timid player with only 1,100 Fit EVs planned for production over the next three years. Critics call the model a "compliance car" aimed at satisfying mandates in California sitting over the industry, but after seeing Nissan (NSANY.OB) struggle to gain any meaningful return off of its $5.6B bet on EVs it's an admonishment that Honda investors can probably live with. 3 Comments [Consumer]
Thursday, September 27, 2012, 2:44 PM September U.S. auto sales preview: Edmunds.com forecasts September U.S. car sales will increase 8.8% from last year but fall short of the level seen in August. The firm sees Chrysler (FIATY.PK) leading U.S. automakers with a 8.4% gain while General Motors (GM -0.6%) and Ford (F +0.6%) should show more modest growth of 1.9% and 0.7%, respectively. Japanese automakers Toyota (TM +2%) and Honda Motor (HMC +1.5%) are expected to show outsized gains due to the effect of last year's production slowdown, while Nissan (NSANY.OB) is pegged to show a sales dropoff. Most industry watchers still see annual U.S. sales of cars and trucks to come in at around 14.4M-14.5M. 1 Comment [Consumer]
Thursday, September 27, 2012, 9:04 AM The Paris Auto Show gets off with a bang as PSA Peugeot Citroen (PEUGY.PK) CEO Philippe Varin warns the industry is in the eye of a hurricane with sales expected to fall again in 2013. His most telling remark (so far): "We're working on the assumption that the market has hit a plateau for the coming three years, so that 2015 is not going to look very different from 2012." (video stream) Comment! [Consumer, Global & FX]
Friday, September 21, 2012, 7:12 AM Honda (HMC) has a goal to hit a global sales mark of 6M vehicles by 2017, according to CEO Takanobu Ito. The ambitious plan sees the automaker selling 3M vehicles in developed markets and another 3M in emerging markets with its Fit series the growth lynchpin. Ito also commented on the anti-Japan protest in China, noting that all five Honda factories are back open but not running at full capacity yet. 1 Comment [Consumer, Global & FX]
Thursday, September 20, 2012, 5:53 AM The anti-Japan demonstrations in China over the disputed Diayou islands have cost Japanese car-makers an estimated $250M after the companies temporarily halted production, IHS Automotive estimates. However, execs and analysts believe that the automakers will be able to make up for the lost output, while one consultant reckons the Chinese will still buy Japanese cars. 1 Comment [Consumer]
Wednesday, September 19, 2012, 2:39 PM If anti-Japan protests in China continue to rage on to cut into the market share for Honda (HMC +2.0%), Toyota (TM +1.1%), and Nissan (NSANY.OB) in the nation then earnings could dip for the automakers. Goldman Sachs estimates that China accounts for a significant 30% of the profit at Nissan, 17% at Toyota, and 15% at Honda. Comment! [Consumer, Global & FX]
Wednesday, September 19, 2012, 2:30 PM In the zero-sum game of auto sales, General Motors (GM +1.5%) and German automakers such as BMW (BAMXY.PK) and Volkswagen (VLKAY.PK) could benefit from the wave of anti-Japan protests across China, while Honda (HMC +1.9%), Toyota (TM +1.0%), and Nissan (NSANY.OB) suffer a loss of market share. The trio of Japanese automakers already reported attacks on dealerships and have cut production in the region. 2 Comments [Consumer, On the Move]
Tuesday, September 18, 2012, 5:40 PM Chinese official Jin Baisong invokes the specter of a trade war as the best way to "impose sanctions" on Japan. The already-weak Japanese economy would be crippled without Chinese demand, he argues, while China would barely miss a cutoff of exports to Japan. Fitch, meanwhile, threatens ratings downgrades across a range of Japanese exporters if the dispute between the two nations drags on. 2 Comments [Global & FX]
Tuesday, September 18, 2012, 8:06 AM The European Automobile Manufacturers Association reports that new passenger car registrations fell 8.9% Y/Y in August as the sluggish trend in the industry shows no signs of abating. Key market Germany saw demand contract by 4.7%, while in France and Italy double-digit declines don't paint a pretty picture. 3 Comments [Global & FX, Consumer]
Monday, September 17, 2012, 11:46 AM Moody's cuts its forecast for 2013 growth in the auto industry to 2.9% with downwards revisions to sales in Europe and China pushing the overall global projection lower. The ratings agency maintains a stable outlook on the sector for the next year to 18 months, needing an outlook of 5% growth or better to move to a positive outlook. 2 Comments [Consumer]
Tuesday, September 11, 2012, 1:27 PM Shares of Clean Diesel Technologies (CDTI +11%) pop after Honda (HMC +0.6%) announces that it will begin selling its 2013 four and six-cylinder Accord models incorporating CDTI's palladium-only catalyst on September 19. The catalyst design significantly reduces precious metal content and cuts the use of Rhodium by 50%. Comment! [On the Move]
Tuesday, September 4, 2012, 2:39 PM August auto sales wrapup: Small fuel-efficient models led automakers to record a solid month and keep on a 14.5M annual sales pace. Ford (F) backed its recent plan to increase production with broad gains, while GM rode fleet buyers to double-digit growth. Though numbers from Japanese firms (TM, HMC, NSANY.OB) are still out of whack due to last year's earthquake, consumers looking for fuel-efficient models and emboldened with better financing terms came back into the market in force for imports. Chrysler (FIATY.PK) didn't miss out on the fun, with the Dodge Dart roaring to a good debut. 2 Comments [Consumer, Global & FX]