|Bid||25.46 x 3100|
|Ask||25.47 x 900|
|Day's range||25.37 - 25.61|
|52-week range||25.15 - 32.76|
|Beta (3Y monthly)||0.72|
|PE ratio (TTM)||4.39|
|Forward dividend & yield||0.99 (3.54%)|
|1y target est||33.29|
“Abenomics will fail for real if the tax is raised now,” Etsuro Honda, a former economic adviser to Abe, said in an interview Wednesday. Honda has convinced Abe to postpone the tax increase twice before and said he is determined to do so again.
Honda Motor Co said on Wednesday it is recalling 137,000 new sport utility vehicles (SUVs) following reports of three injuries tied to sudden air bag deployments in the United States. The Japanese-based automaker said it is recalling the 2019 CR-V to replace steering wheel wire harnesses and supplemental restraint system cable reels after six unexpected driver air bag deployments that occurred without a crash. Metal burrs on the interior surface of the steering wheel may result in damage that could lead to a short circuit and overheating of components, Honda said.
NYU professor Scott Galloway told Yahoo Finance that Tesla will likely be acquired and suggested that Apple is a likely suitor.
Here, we analyze the performance of certain ETFs with exposure to some major U.S. Automobiles industry players post their earnings releases.
A former economic adviser to Japanese Prime Minister Shinzo Abe said on Thursday that an increase in sales tax planned for October should be shelved until the economy puts a decisive end to deflation, or it could trigger an economic crisis. "Now is not the time for a sales tax hike," Etsuro Honda, former Japanese ambassador to Switzerland who is close to Abe, told Reuters. "The economy is not in a vicious cycle but it has not established a virtuous cycle (to defeat deflation) either.
Honda's (HMC) fall in operating profit is due to adverse foreign currency effects, and impact of changes in automobile production network and capability on Europe. Toyota's (TM) Q4 earnings miss.
Decline in Honda's (HMC) Q4 operating profit can be attributed to adverse foreign currency effects and impact of changes in the global automobile production network and capability on Europe.
TOKYO (AP) — Honda reported a loss for January-March Wednesday, despite growing sales, as an unfavorable exchange rate, income tax expenses and other costs hurt results.
TOKYO (AP) _ Honda Motor Co. (HMC) on Wednesday reported a fiscal fourth-quarter loss of $118.3 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Tokyo-based company said it had a loss of 7 cents. Honda shares have climbed slightly more than 4% since the beginning of the year.
Takahiro Hachigo, Honda’s chief executive officer, gave a speech to set a new strategic direction for the company, citing “abrupt changes in the global business environment surrounding the automobile industry.” By 2025, Honda will cut production costs by 10 percent and reduce the number of variations for global car models to a third of the current number, he pledged. Honda and Toyota’s results come two weeks after Nissan Motor Co. said it was set to miss its full-year profit goal.
Japan's third-largest automaker signalled that it was looking to reduce global production costs by 10 percent by 2025 and scale back the number of model variations, underscoring the cost pressures facing traditional automakers as they compete in a market that is being reshaped by tech companies and ride-sharing. Honda expects profit to rise to 770 billion yen (5 billion pounds) in the year to March 2020, compared with the 834 billion yen average of 22 analyst estimates compiled by Refinitiv. Operating profit was 726 billion yen in the year ended March, versus an average estimate of 803 billion yen.
GM Cruise has raised another $1.15 billion in new equity from a group of investors that includes T. Rowe Price Associates, Honda, SoftBank Vision Fund and its parent company GM as the self-driving vehicle company pushes to launch a commercial autonomous ride-hailing service this year. This investment increases Cruise’s post-money valuation to $19 billion, inclusive of SoftBank’s previously announced investment commitment. GM Cruise has one of the most aggressive timelines among companies hoping to deploy a commercial self-driving vehicle service.
How Auto Stocks Are Faring during Q1 Earnings SeasonBroader market In the first quarter, the broader market recovered sharply after seeing the massive sell-off in the fourth quarter of 2018. In the quarter ending in March, the S&P 500 Index,
Key Highlights of Harley-Davidson’s Q1 2019 Earnings Event(Continued from Prior Part)Harley’s valuation multiplesOn April 23, Harley-Davidson’s (HOG) forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple was 12.0x. In the last year,
Some of the problematic air bags do not inflate during a crash, and could be responsible for as many as eight deaths.
Electric vehicle maker (TSLA)hosted an analyst event Monday to discuss its autonomous driving technology. After all, Tesla (ticker: TSLA) makes batteries, solar panels, and charging stations, not to mention the autonomous computing technologies on display Monday. There is another car company that makes autonomous driving technology too.
MARYSVILLE, Ohio (AP) — Honda is slowing production of Accord and Civic cars as U.S. buyers continue to favor SUVs and trucks.