Honda gives US production workers 11% pay hike

11:05am, Friday, 10'th Nov 2023
Honda Motor said on Friday it was implementing an 11% pay increase for production workers at its U.S. facilities from January.
The foreign auto industry is thriving on soaring EV demand and rising sales in key markets like India, Japan and Europe. Industry participants like TM, STLA and HMC make for solid investment options.
Honda Motor's shares 7267, -5.74% dropped sharply after its operating and net profits for the fiscal first half missed analysts' expectations.
With the explosion in popularity of electric vehicles in the last few years, it seems that Tesla  TSLA  has sucked all the air out of the room, pulling investors from incumbent auto manufacturers.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest
Honda (HMC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earn
In the latest trading session, Honda Motor (HMC) closed at $30.75, marking a +0.49% move from the previous day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analy
Global market conditions are contributing to slowed demand for electric vehicles. Automakers, including GM and Honda, have responded by scrapping plans to produce affordable EVs.

Honda CEO on Relation With GM, China

06:25pm, Wednesday, 25'th Oct 2023
Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, says Chief Executive Officer Toshihiro Mibe. He spoke
General Motors and long-time partner Honda have ended plans to build millions of affordable and smaller electric vehicles as the automakers come to terms with high interest rates and battery costs cou
General Motors Company (NYSE: GM) says it has decided to exit plans of working with Honda Motor Co Ltd (TYO: 7267) on lower cost electric vehicles for now. Its shares are down another 2.0% at writing.
The cancellation by GM and Honda is the latest in a growing number of decisions by automakers to scale back or scrap previously announced EV plans.
Honda Motor is shelving plans to jointly develop affordable electric vehicles (EVs) with General Motors due to a changing business environment, Bloomberg News reported on Wednesday, citing an intervie
Sony and Honda's automotive joint venture could procure batteries for its new Afeela electric vehicle from the United States where Honda is building a factory, the president of Sony Honda Mobility tol
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