Honda Motor Company Stock News

TORONTO — Honda Canada says it’s temporarily suspending manufacturing on one production line during the day shift at its plant in Alliston, Ontario, today due to border delays. A trucker blockade at the Ambassador Bridge linking Detroit and Windsor, Ont., has disrupted trade back and forth across the border since Monday. The automotive sector, which […] The post Honda suspends one production line for day shift at Ontario plant appeared first on Supply Professional .

TORONTO Honda Canada says its temporarily suspending manufacturing on one production line during the day shift at its plant in Alliston, Ont., today due to border delays. A trucker blockade at the Ambassador Bridge linking Detroit and Windsor, Ont., has disrupted trade back and forth across the border since Monday. The automotive sector, which []

CNBC's Kristina Partsinevelos joins 'Squawk Box' from the nation's border with Canada to provide an update on protesters blocking a crucial trade link between the two countries.

Honda Motor Co. announced it will shut down its factory in Canada over demonstrations that engulfed the nation in the past few weeks. The company added its United States plants will remain open for no…

Honda says it does not plan to halt US plants but warns the situation is fluid

WASHINGTON : Toyota Motor Corp, General Motors Co (GM), Ford Motor and Chrysler parent Stellantis said they had been forced to cancel or scale back some production at North American plants yesterday because of parts shortages stemming from Canadian trucker protests against pandemic mandates. The truckers, who oppose a vaccinate-or-quarantine requirement for cross-border drivers, have used their big rigs to snarl traffic at the Ambassador Bridge linking Detroit and Windsor, Ontario – which accounts for about 25% of US-Canadian trade. A Toyota spokesman told Reuters the automaker was suspending production through tomorrow at plants on both sides of the border, in Ontario and Kentucky. The largest Japanese automaker said it was “experiencing multiple dropped logistics routes” and it is “not isolated to only one or two parts at this point”. The shortages affected Toyota''s production of the RAV4 – the best-selling non-truck vehicle in the United States, Camry, Avalon, Lexus RX and Lexus ES, the automaker said.

Ford, GM, Honda, Toyota and Stellantis all canceled shifts or reduced capacity at plants.

Watch Video The truck blockade by Canadians protesting the countrys COVID-19 restrictions is tightening the screws on the auto industry, forcing Ford, General Motors and other car companies to shut down plants or otherwise reduce production on both sides of the U.S. border. SEE MORE: COVID-19 Protests Impact Border Trade Between Canada, U.S. The bumper-to-bumper demonstration by the self-proclaimed "Freedom Truck Convoy" entered its fourth day Thursday at the Ambassador Bridge connecting Windsor, Ontario, to Detroit, disrupting the flow of auto parts and other products between the two countries. The Ambassador Bridge is the busiest U.S.-Canadian border crossing, carrying 25% of all trade between the two countries, and the effects of the blockade there were felt rapidly. Ford said its Windsor, Ontario, engine plant reopened Thursday after being shut down on Wednesday because of a lack of parts. But the factory and the companys assembly plant in Oakville, Ontario, near Toronto, were operating at reduced capacity, the automaker said.

TOKYO: Tokyo stocks opened higher on Thursday after solid gains on Wall Street as investor sentiment improves ahead of a key inflation reading later in the day. The benchmark Nikkei 225 index rose 0.82 percent, or 226.24 points, to 27,806.11 at the open, while the broader Topix index added 0.56 percent, or 11.00 points, to 1,963.22. "Selling is likely to be dominant (in the Japanese market) after gains of US shares," Mizuho Securities said in a note. "But after completing a round of buying, a wait-and-see mood will spread ahead of the US inflation report and Japan''s three-day weekend," the investment bank predicted. Tokyo stocks close higher with eyes on earnings In New York, the Dow Jones Industrial Average finished up 0.9 percent. The S&P 500 gained 1.5 percent, while the tech-rich Nasdaq index jumped 2.1 percent. The dollar exchanged hands in Asian trade at 115.60 yen against 115.52 yen on Wednesday in New York. In Tokyo trading, tech shares were higher, with Tokyo Electron, which produces tools to build semiconductors, gaining 2.45 percent to 57,510 yen and chip-testing equipment maker Advantest jumping 3.96 percent to 9,710 yen.

NEW DELHI: Global automaker Toyota Motor and fast food chain Dominos Pizza are among half a dozen companies that have apologised to India for social media posts from their Pakistani partners expressing support for held Kashmir, as more companies got caught up in the diplomatic fracas. The apology comes after a rare diplomatic escalation between South Korea and India on Tuesday over social media posts by Hyundai Motors Pakistani partner, which caused an uproar in India and calls to boycott the carmaker. Japans Suzuki Motor, majority owner of Indias biggest carmaker Maruti Suzuki, Honda Motor and Isuzu Motor, South Koreas Kia Motors and Yum! Brands KFC also issued apologies as criticism grew on Twitter over the social media posts. The affray highlights the risks global companies face while navigating sensitivities amid rising nationalism in South Asia, and is prompting them to take steps to strengthen their social media policies to protect their brand. The row erupted on Sunday, a day after several companies posted messages on social media to mark Kashmir Solidarity Day, commemorated annually by Pakistan on Feb 5 to honour the sacrifices of Kashmiris struggling for self-determination.

NEW DELHI: Global automaker Toyota Motor and fast food chain Dominos Pizza are among half a dozen companies that have apologised to India for social media posts from their Pakistani partners expressing support for held Kashmir, as more companies got caught up in the diplomatic fracas. The apology comes after a rare diplomatic escalation between South Korea and India on Tuesday over social media posts by Hyundai Motors Pakistani partner, which caused an uproar in India and calls to boycott the carmaker. Japans Suzuki Motor, majority owner of Indias biggest carmaker Maruti Suzuki, Honda Motor and Isuzu Motor, South Koreas Kia Motors and Yum! Brands KFC also issued apologies as criticism grew on Twitter over the social media posts. The affray highlights the risks global companies face while navigating sensitivities amid rising nationalism in South Asia, and is prompting them to take steps to strengthen their social media policies to protect their brand. The row erupted on Sunday, a day after several companies posted messages on social media to mark Kashmir Solidarity Day, commemorated annually by Pakistan on Feb 5 to honour the sacrifices of Kashmiris struggling for self-determination.

Vivek Vaidya of the consultancy explains why automakers are waiting for the chip shortage to "go away."

Honda Motor Co., Ltd. (HMC) Q3 FY2022 Results - Earnings Call Transcript

Ford Motor Co. (NYSE: F), Rivian Automotive, Inc. (NASDAQ: RIVN) and Volkswagen AG (OTC: VWAGY) were among the automobile manufacturers with models named to the Best New Cars for 2022 list published b