|Bid||0.00 x 3200|
|Ask||0.00 x 2900|
|Day's Range||28.06 - 28.25|
|52 Week Range||25.30 - 37.05|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||4.86|
|Forward Dividend & Yield||0.98 (3.59%)|
|1y Target Est||N/A|
Honda will shutter its only plant in England and shoe retailer Payless is closing all its stores. These headlines and more from CBS MoneyWatch.
The European Union vows to fight back against Trump's possible auto tariffs. Yahoo Finance's Adam Shapiro, Brian Cheung and Kristin Myers discuss with John Bozzella, President and CEO of Global Automakers and spokesperson for Here For America.
Yahoo Finance’s Adam Shapiro, Brian Cheung, Kristin Myers, and Alanna Petroff discuss Honda’s decision to close its only European factory.
A 2017 survey of 1,000 global auto executives concluded hydrogen fuel cell technology will ultimately outperform battery-powered electric vehicles. Tesla and its competitors in the battery-powered electric vehicle market dominate debate over who will control the future of cars, but there's another kind of green transportation technology making inroads in the United States, and it is based on the planet's most abundant resource. Fuel cell electric vehicles (FCEVs) combine hydrogen stored in a tank with oxygen from the air to produce electricity, with water vapor as the by-product.
Like the the U.K. in general, the town of about 180,000 people boasts a proud industrial heritage stretching back to the 19th century. “Honda leaving is like Brexit,” Dimitri Bretti, said through the serving window of Street Cafe, his burger joint just off the main street. While Brexit wasn’t to blame, according to Honda’s bosses, it will likely make finding a replacement employer all the harder.
The annual event — which began Feb. 21 and runs through Sunday at the Dayton Convention Center — features the newest models from more than 28 manufacturers.
Rating Action: Moody's assigns provisional rating to Honda Finance's 6th auto credit ABS. Global Credit Research- 21 Feb 2019. JPY30 billion in Debt Securities affected.
British Prime Minister Theresa May said Honda's announcement that it would close its factory in England in 2021 was deeply disappointing, but could not be blamed on the country's upcoming departure from the European Union. "The decision this week by Honda is one that is deeply disappointing. Honda said on Tuesday that the move was not related to Brexit and that it needed to focus manufacturing in regions where it expects to sell most cars, after struggling in Europe.
Japan's Nikkei closed at another nine-week high on Wednesday, as hopes for U.S.-China trade talks helped lift cyclical stocks such as autos and index-heavyweights including SoftBank Group. The gain came despite Japan's exports suffering their biggest drop in more than two years in January, as China shipments tumbled and orders for machinery goods fell sharply. "There are concerns about Japan's falling exports, but to investors who haven't caught up with the recent rally in Japanese stocks, there is a risk that they will fall behind the market's further rise if the trade talks go well," said Hiroyuki Ueno, a senior strategist at Sumitomo Mitsui Trust Asset Management.
Japan's Nikkei rose to more than two-month highs on Wednesday morning, as progress in U.S.-China trade talks helped lift cyclical stocks such as autos and electronic equipment firms. The optimism comes despite Japan's exports in January posting their biggest decline in more than two years as China shipments tumbled and orders for its machinery goods fell sharply. The market largely shrugged off weak trade data, which showed that Japan's exports fell 8.4 percent in January from a year earlier, focusing instead on stronger prospects of a potential U.S.-China trade deal that could boost equity markets.
TOKYO—Honda Motor Co.’s chief executive said he wanted to move some production of Civics to North America from a soon-to-be-closed U.K. car plant, offering an example of production shifts that may ensue after Britain’s planned exit from the European Union. Chief Executive Takahiro Hachigo, speaking in Tokyo, confirmed that Honda would end vehicle production at its plant in Swindon, England, in 2021. The plant produces 150,000 Civic models each year, including the Civic hatchback, and it employs 3,500 people.
The company's plant in Swindon, England is Honda's only plant in the European Union. Honda's move doesn't speak well of global growth and at the very least, raises a yellow flag about the automotive market over the next few years.
Sterling shot past $1.30 on Tuesday on hopes that Prime Minister Theresa May will make progress in seeking changes to her Brexit deal with the European Union, although some traders struggled to explain the size of the move. "I'm fairly certain it's not news-related and it's due to technical factors," said Neil Mellor, currencies analyst at BNY Mellon, referring to some large buy orders reportedly in the market and triggered when sterling hit $1.30. Some strategists pointed to media reports that May was dropping the so-called 'Malthouse compromise', a Brexit proposal that has united both eurosceptic and pro-EU factions within her divided Conservative Party.
LONDON/TOKYO (Reuters) - Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union. The automaker, which builds more than a tenth of the 1.5 million cars made in Britain, said the move was not related to Brexit and it needed to focus activities in regions where it expects to sell most cars, after struggling in Europe. "We had to consider the rise of electrified vehicles, and the different speeds at which electric vehicles will be taken up in North America and Europe," said Honda Chief Executive Takahiro Hachigo.
Honda just announced this week that it will be closing its Civic hatchback factory in Swindon in the U.K. Besides meaning the potential loss of 3,500 jobs, the plant closure left us wondering what the future is for the Honda Civic hatchback, particularly the Type R, both of which are produced there for global markets including our own. According to Honda, the company is looking at bringing hatchback production to North America. Honda says that almost 20 percent of North American Civic sales are of the hatchback, and that's more than the company expected.
Honda has confirmed that it will close its Swindon car plant in 2021 along with a smaller plant in Turkey, with the loss of 3,500 jobs in the British factory. The announcement of the plant closure was linked to Britain's withdrawal from the European Union (EU) by some Members of Parliament (MPs) and other commentators, but Ian Howells, senior vice president for Honda in Europe, said that this is not a Brexit-related issue. "Brexit as well as the European Partnership Agreement is not something that has been part of this decision.
LONDON (AP) — Japanese carmaker Honda plans to close its car factory in western England in 2021, a fresh blow to the British economy as it struggles with the uncertainty associated with leaving the European Union next month.