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Honda Motor Co., Ltd. (HMC)

- NYSE
  • Sat, Feb. 14, 10:53 AM
    | 79 Comments
  • Fri, Feb. 13, 1:33 PM
    • Honda (NYSE:HMC) is setting aside an annual sales target of 6M vehicles, according to CEO Takanobu Ito.
    • The company and its executives are in the middle of a corporate reset after a recall-plagued 2014.
    • A new business plan is expected to be unveiled this year.
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  • Thu, Feb. 12, 2:48 AM
    • Honda (NYSE:HMC) CEO Takanobu Ito, under fire for taking apart the traditional way the carmaker does business, has resisted moves for his ouster and will fight on for another two-year term, sources told Reuters.
    • Ito, who took over in 2009, has been cutting costs and obtaining parts and technologies by shaking up Honda's decades-old, tightly-knit supply chain.
    • Besides for pressure from long-term local suppliers and former Honda chiefs, the automaker has faced many recent mass recalls over quality issues.
    | 3 Comments
  • Wed, Feb. 11, 1:09 PM
    • Honda (NYSE:HMC) says it will invest $85M in a plant in Alabama to help it increase capacity for the Acura MDX model.
    • The automaker saw sales for the luxury SUV increase 23.7% to 65.6K last year.
    | 3 Comments
  • Thu, Feb. 5, 7:36 AM
    • The labor dispute between ship operators and dockworkers on the West Coast has ratcheted up again to threaten the pace of work at 29 ports in Washington, Oregon, and California.
    • Observers at the L.A. and Long Beach ports say freighters are at anchor with no open berths due to a planned slowdown in progress.
    • Honda (NYSE:HMC) and Subaru (OTCPK:FUJHY) are shipping some parts to the U.S. through air services to avoid the crawl.
    • McDonald's (NYSE:MCD) has airlifted 100 tons of french fries to the region to stock restaurants.
    • Other companies impacted by the development include Gap (NYSE:GPS), Lululemon (NASDAQ:LULU), Wal-Mart (NYSE:WMT), Kohl's (NYSE:KSS), Macy's (NYSE:M), and J.C. Penney (NYSE:JCP)
    • FedEx (NYSE:FDX) and UPS (NYSE:UPS) could see a marginal benefit in some cases from companies facing a parts crunch, observe analysts
    • ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, IYC, FDIS, SCC, UCC, PMR, UGE, RCD, SZK
    | 10 Comments
  • Tue, Feb. 3, 7:41 PM
    • Automakers turned in an impressive U.S. sales tally for January with majors GM, Ford, Fiat Chrysler Automobiles, Honda, and Toyota all with double-digit sales growth.
    • The gains weren't top-heavy as Subaru (+24%), Audi (+14%), Mitsubishi Motors (+33%), and even Porsche (+27%) all big gainers.
    • Sales of lights trucks and SUVs rose 19.3% during the month, according to Autodesk.
    • Average transaction prices were up 5.2% Y/Y on average, estimates Kelley Blue Book. GM and Ford both benefited on their ATP through a higher mix of SUVs and trucks.
    • It wasn't a spectacular month for electric vehicle sales with demand for the Nissan Leaf falling off and the Tesla Model S an insignificant factor in the U.S. total.
    • High-level automobile execs attributed the strong demand in part to the $2 gas price level seen across the U.S.
    • Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF.
    | 43 Comments
  • Tue, Feb. 3, 10:24 AM
    • Honda (NYSE:HMC) unit sales +11.5% to 102,184 vs. +12.6% forecast.
    • Sales in the Honda division were up 11.6% to 90,202, while Acura sales increased 10.7% to 11,982.
    • Sales growth by model: Accord +2.0% to 21,011; Civic -14.3% to 18,699; CR-V +27.3% to 23,211; Acura ILX -14.3% to 992; Acura TLX 2,892 (new).
    • Honda's 2015 major model introductions are still rolling out including the redesigned ILX.
    | Comment!
  • Sat, Jan. 31, 10:39 AM
    • Automakers need to address the issue of how to sell to millennials, according to data from TrueCar.
    • The group is projected to purchase 4.24M vehicles in 2015 to account for close to 25% of the total new car market in the U.S. That's a percentage that will stay on the rise over time.
    • A few things to keep in mind about millennials.
    • They have an indie spirit that can veer away from dominant brands. Just ask McDonald's or Anheuser-Busch InBev.
    • They are early adopters of new technology. Just ask the cable companies.
    • They don't take their marching orders from Madison Avenue on what products are on-trend. Just ask Abercrombie & Fitch.
    • Millennials are likely to have a lot to say with the critical question on if electric batteries or hydrogen fuel cells (Tesla vs. Toyota) emerge as the dominant alternative energy source for the industry.
    • Automaker stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU.
    | 292 Comments
  • Fri, Jan. 30, 8:19 AM
    • Honda Motor (NYSE:HMC): FQ2 EPS of $0.63.
    • Revenue of $27.3B (+8.9% Y/Y).
    • Press Release
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  • Fri, Jan. 30, 2:24 AM
    • Honda (NYSE:HMC) cut its annual operating profit forecast by 6.5% today, as it faced sluggish sales in Japan and set aside more cash to cover an expanded Takata (OTCPK:TKTDY) air bag recall.
    • Third-quarter earnings skidded 22.5% to ¥177.2B from ¥228.57B in the same period a year earlier.
    • Meanwhile, the NHTSA has stepped up pressure on Takata, offering legal protection to any whistleblowers with knowledge "of possible defects or any wrongdoing."
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  • Thu, Jan. 29, 5:30 PM
  • Tue, Jan. 27, 9:47 AM
    • U.S. sales for Honda (NYSE:HMC) are expected to increase 11.3% to 102K units in January, according to an estimate from Kelley Blue Book.
    • Honda market share -20 bps at 8.9%. (estimated)
    • The monthly sales pace should set Honda on the path to eclipse last year's 1% gain in U.S. sales. A new HR-V crossover and updated Pilot could be highlights.
    • U.S. new-vehicles sales are projected to increase 12.9% Y/Y to 1.14M units vs. the polar vortex month of a year ago.
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  • Wed, Jan. 21, 1:27 PM
    • Honda (HMC +0.6%) says it will stick with 3-year and 4-year auto loans despite the recent trend in the industry to push longer-term loans.
    • Last week, execs with the Japanese automaker maintained during interviews at the Detroit Auto Show that rivals are doing stupid things (7-year loans) in order to boost U.S. sales.
    • They noted consumers can end up with negative equity on their cars much faster if they opt for a longer-term loan in a development which could crimp demand in the future.
    • Experian reported recently that more than 25% of auto loans have terms between 73 and 84 months.
    | Comment!
  • Tue, Jan. 20, 7:30 AM
    • Toyota (NYSE:TM) and Honda (NYSE:HMC) plan to produce 6K hydrogen cars and build 35 hydrogen fuel stations in Tokyo ahead of the 2020 Olympics.
    • Last week, Prime Minister Shinzo Abe made a strong commitment to fuel cell development with a promise for aggressive subsidies.
    • Previously: The electric vs. hydrogen debate just got interesting (Jan. 15 2015)
    | Comment!
  • Fri, Jan. 16, 9:03 AM
    • Honda (NYSE:HMC) car registrations +2.6% to 9,922 units in December, according to the European Automobile Manufacturers Association.
    • YTD registrations -4.9% to 133,268 units.
    • Market share: 1.0% in December, 1.0% for the year.
    • EAMA release (.pdf)
    | Comment!
  • Thu, Jan. 15, 8:08 AM
    | 375 Comments
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Company Description
Honda Motor Co Ltd develops, produces, and manufactures motor products, including small general-purpose engines and scooters and specialty sports cars.