The Latest Breaking News from Honda Motor Co Ltd

Though supply chain issues and interest rate hikes have affected the auto manufacturing industry, an increasing shift to electric vehicles (EVs) should help the industry grow in the long run. A stretched valuation and weak financials of EV giant Tesla (TSLA) could lead to its shares witnessing a pullback amid…

The Fed’s second consecutive 75 basis points rate hike amid the sky-high inflation is raising recession fears. Amid the uncertain market scenario, buying high dividend stocks could be a wise strategy to ensure a stable income stream. So, here are two high-dividend stocks, Honda Motor (HMC) and Kronos (KRO), to…

The automotive industry has been witnessing robust demand despite the rising prices. Moreover, intensive investments and rapid technological advancements are expected to drive growth in the coming years. Given this backdrop, we think investors should consider buying the dip in auto stocks Honda Motor (HMC) and Stellantis (STLA). Read on….

While supply chain issues and interest rate hikes affect the auto manufacturing industry, the shift to electric vehicles (EV) should help the industry grow in the long run. Semiconductor shortage, increasing competition, and high valuation make EV giant Tesla’s (TSLA) near-term prospects bleak. However, sound fundamentals and expansion into new…

Honda Motor Co Ltd (NYSE:HMC) and Sony Group Corp (NYSE:SONY) have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles. Both Honda and Sony together will invest ¥10 billion in total. The investment ratio is 50% each. The name of the new company is Sony…

The auto manufacturing industry is expected to witness a solid recovery with the rising demand for zero-emission vehicles and government and private efforts to resolve the semiconductor shortage. So, it could be wise to scoop up shares of the fundamentally-strong automotive companies Honda Motor (HMC) and Stellantis (STLA), offering more…

Honda Motor Co Ltd (NYSE:HMC) reported the fiscal year 2022 sales growth of 10.5% to ¥14.55 trillion. The operating profit for the year rose 32% to ¥871.2 billion. Motorcycle business sales revenue increased 22.3% to ¥2.185 trillion, whereas Automobile business sales revenue rose 6.6% to ¥9.36 trillion. Sales revenue for fourth-quarter FY22 grew 6.9%…

Rising input prices due to worsening supply disruptions and a semiconductor chip shortage have been hurting auto manufacturers. In April, U.S. new vehicle sales declined due to tight inventories and rising prices. However, given the industry’s solid long-term growth prospects, with an increasing focus on electric vehicles, quality auto manufacturing…

Lithia Motors Inc (NYSE:LAD) and Pfaff Automotive Partners have acquired Sisley Honda, based in Thornhill, Ontario, for an undisclosed sum. The company expects the addition of Sisley Honda, one of the highest-volume Honda Motor Co Ltd (NYSE:HMC) dealerships in Canada, to expand its footprint. Sisley is a multi-generational family business founded in 1946 and…

Supply chain disruptions are expected to persist for the rest of 2022 owing to extended COVID-19 lockdowns across several parts of China and the Russia-Ukraine war. However, the Global Supply Chain Pressure Index points to an easing in supply chain pressure since December 2021. If the disruptions continue easing, Honda…

Honda Motor Co Ltd (NYSE:HMC) looks to spend ¥8 trillion ($64 billion) on research and development over the next decade, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030. Honda's goals include producing 2 million EVs a year by 2030 to gain a share in the fast-growing…