Honda http://www.globalpost.com/taxonomy/term/23172/all en CORRECTED-UPDATE 3-US auto sales close out 2012 on positive note http://www.globalpost.com/dispatch/news/thomson-reuters/130103/corrected-update-3-us-auto-sales-close-out-2012-positive-note <p>(Removes reference to 2012 in paragraph 5, to make clear that entire paragraph refers to 2013 industry projections) * Industry on pace to turn in best year since 2007 * Toyota, Honda gained market share in 2012 * Toyota's U.S. December sales up 9 pct, GM up 5 pct * Economic uncertainty in 2013 may dampen sales By Bernie Woodall and Ben Klayman DETROIT, Jan 3 (Reuters) - U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/corrected-update-3-us-auto-sales-close-out-2012-positive-note" target="_blank">read more</a></p> Automotive industry Bankruptcy Business Car classifications Chrysler Group LLC Company Affiliates Company Competitor Conference Call Ford Motor Co Ford Motor Company General Motors General Motors Co GM Honda Honda Motor Co Ltd. Hyundai Motor Company Late-2000s financial crisis Natural Disaster Nissan Motors Person Career Person Location Pickup truck Quotation Toyota Toyota Motor Corp Transport United States Volkswagen Thomson Reuters Fri, 04 Jan 2013 04:15:30 +0000 5731097 at http://www.globalpost.com UPDATE 2-Honda to cut 800 UK jobs on falling European demand http://www.globalpost.com/dispatch/news/thomson-reuters/130111/update-2-honda-cut-800-uk-jobs-falling-european-demand <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Rhys Jones</p> <p>LONDON, Jan 11 (Reuters) - Japanese carmaker Honda plans to cut around 800 jobs at its plant near Swindon in southwest England due to falling demand for its vehicles across mainland Europe.</p> <p>The company, which makes the Civic, Jazz and CR-V models at the South Marston plant near Swindon, said on Friday it would enter into formal consultation with staff over the cuts which would likely take place in the second quarter of 2013.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130111/update-2-honda-cut-800-uk-jobs-falling-european-demand" target="_blank">read more</a></p> Business Honda Honda Motor Europe Labor Private transport Transport Thomson Reuters Fri, 11 Jan 2013 12:30:13 +0000 5733106 at http://www.globalpost.com Honda's annual net profit soars to $3.7 bn http://www.globalpost.com/dispatch/news/afp/130426/hondas-annual-net-profit-soars-37-bn-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japanese automaker Honda said Friday its net profit for the year to March soared 73.6 percent to $3.7 billion, thanks to robust overseas sales, a weaker yen, and cost cutting.</p> <p>Japan's third-biggest automaker said it earned 367.15 billion yen ($3.7 billion) on revenue of 9.87 trillion yen, up from 7.95 trillion yen a year earlier.</p> <p>Honda also reported operating profit of 544.8 billion yen, up 135.5 percent from the previous year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130426/hondas-annual-net-profit-soars-37-bn-0" target="_blank">read more</a></p> Economy of Japan Honda Japanese yen AFP Fri, 26 Apr 2013 06:45:30 +0000 5825709 at http://www.globalpost.com Football: Last-gasp Honda fires Japan into World Cup http://www.globalpost.com/dispatch/news/afp/130604/football-last-gasp-honda-fires-japan-world-cup <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Keisuke Honda fired Japan into the 2014 World Cup Tuesday with a dramatic injury-time penalty which salvaged a 1-1 draw with Australia and made them the first team to qualify alongside hosts Brazil.</p> <p>Tommy Oar's fortuitous late strike had looked set to condemn the hosts to an undeserved defeat. But after Matthew McKay handled in the box, Honda drove his spot-kick straight down the middle to earn the necessary point.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130604/football-last-gasp-honda-fires-japan-world-cup" target="_blank">read more</a></p> AFC Asian Cup Association football Honda AFP Tue, 04 Jun 2013 23:50:42 +0000 5851232 at http://www.globalpost.com Honda Motor says April-June net profit down 7.0% http://www.globalpost.com/dispatch/news/afp/130731/honda-motor-says-april-june-net-profit-down-70 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japan's Honda Motor said Wednesday its group net profit slipped 7.0 percent on-year in the three months to June despite a weaker yen and a jump in global sales.</p> <p>Honda's net profit came to 122.5 billion yen ($1.2 billion) in the quarter while overall sales grew 16.3 percent to 2.83 trillion yen. </p> <p>mis/pb/jah</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> Economy of Japan Honda AFP Wed, 31 Jul 2013 08:38:28 +0000 5898540 at http://www.globalpost.com Honda Motor says April-June net profit down 7.0% http://www.globalpost.com/dispatch/news/afp/130731/honda-motor-says-april-june-net-profit-down-70-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japan's Honda Motor said Wednesday its group net profit slipped 7.0 percent in April-June, with US sales growth and the benefits of a weaker yen offset by increased spending on a major expansion.</p> <p>Net profit came to 122.5 billion yen ($1.2 billion) in the quarter, while revenue grew 16.3 percent from a year earlier to 2.83 trillion yen, it said.</p> <p>Operating profit rose 5.1 percent to 185 billion yen.</p> <p>Profits were squeezed by Honda's heavy spending as it looks to expand production and further tap emerging markets.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130731/honda-motor-says-april-june-net-profit-down-70-0" target="_blank">read more</a></p> Business Economy of Japan Honda Japanese yen Technology AFP Wed, 31 Jul 2013 09:11:07 +0000 5898586 at http://www.globalpost.com Honda Motor says April-June net profit down 7.0% http://www.globalpost.com/dispatch/news/afp/130731/honda-motor-says-april-june-net-profit-down-70-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japan's Honda Motor said Wednesday its group net profit slipped 7.0 percent in April-June with US sales growth and the benefits of a weaker yen offset by increased spending as the company launches a major expansion.</p> <p>Honda's net profit came to 122.5 billion yen ($1.2 billion) in the quarter, while revenue grew 16.3 percent from a year earlier to 2.83 trillion yen, it said.</p> <p>Operating profit rose 5.1 percent to 185 billion yen.</p> <p>Profits were squeezed by Honda's heavy spending as it looks to expand production and further tap emerging markets.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130731/honda-motor-says-april-june-net-profit-down-70-1" target="_blank">read more</a></p> Business Economy of Japan Honda Japanese yen AFP Wed, 31 Jul 2013 09:12:29 +0000 5898597 at http://www.globalpost.com Honda quarterly profit slips despite growing sales because of investment for future growth http://www.globalpost.com/dispatch/news/the-canadian-press/130731/honda-quarterly-profit-slips-despite-growing-sales-because-i <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>TOKYO - Honda Motor Co.'s net profit for the first quarter of its fiscal year slipped 7 per cent, largely on financial expenses and other spending, although its auto sales increased outside of Japan.</p> <p>Tokyo-based Honda reported Wednesday a 122.4 billion yen ($1.25 billion) profit for the April-June period. The Japanese automaker also got a perk from a favourable currency rate.</p> <p>The result was lower than the 146 billion yen ($1.5 billion) profit forecast by analysts surveyed by FactSet.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130731/honda-quarterly-profit-slips-despite-growing-sales-because-i" target="_blank">read more</a></p> Business Economy of Japan Honda Transport The Canadian Press Wed, 31 Jul 2013 08:40:23 +0000 5898559 at http://www.globalpost.com Honda seeks to recover U.S. market share; Mazda, Subaru grow http://www.globalpost.com/dispatch/news/thomson-reuters/130731/honda-seeks-recover-us-market-share-mazda-subaru-grow <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Yoko Kubota</p> <p>TOKYO (Reuters) - Honda Motor Co &lt;7267.T&gt; aims to recover market share in its biggest market the United States, where it slightly dropped in the first half of 2013, banking that its redesigned SUV will help boost sales.</p> <p>The U.S. market is seeing the strongest pace of annual sales in more than five years, as the world's biggest economy picks up speed and the Federal Reserve considers tapering its stimulus program.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130731/honda-seeks-recover-us-market-share-mazda-subaru-grow" target="_blank">read more</a></p> Business Honda Honda Motor Co Mazda Transport Thomson Reuters Wed, 31 Jul 2013 16:05:08 +0000 5898910 at http://www.globalpost.com Honda to double Brazil production to 240,000 vehicles with new plant http://www.globalpost.com/dispatch/news/thomson-reuters/130807/honda-double-brazil-production-240000-vehicles-new-plant <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>TOKYO (Reuters) - Japan's Honda Motor Co &lt;7267.T&gt; on Thursday said it will spend around $440.55 million to build a new car plant in Brazil that from 2015 will make 120,000 vehicles a year.</p> <p>The new plant, located in Itirapina city 200 kilometers northwest of Sao Paulo, will double Honda's annual production in Brazil to 240,000 vehicles. Like other automakers, Honda is looking to tap burgeoning growth in emerging economies such as Brazil by making cars locally.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130807/honda-double-brazil-production-240000-vehicles-new-plant" target="_blank">read more</a></p> Honda Private transport Transport Thomson Reuters Wed, 07 Aug 2013 20:02:26 +0000 5904902 at http://www.globalpost.com Honda says first-half profit up 13.5% to $2.47 bn http://www.globalpost.com/dispatch/news/afp/131030/honda-says-first-half-profit-135-247-bn-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Honda said Wednesday its net profit rose 13.5 percent to $2.47 billion in the first six months to September, as the Japanese automaker benefited from the weaker yen and strong overseas sales.</p> <p>Revenue grew 21.6 percent to 5.72 trillion yen ($58.3 billion) in its fiscal first half, as sales jumped 6.1 percent in the key North American market and 17.8 percent in Asia, it said.</p> <p>Profitability was even better in the quarter to September with net earnings up 46.4 percent from a year earlier, it said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131030/honda-says-first-half-profit-135-247-bn-0" target="_blank">read more</a></p> Economy of Japan Honda Transport AFP Wed, 30 Oct 2013 09:18:46 +0000 5974907 at http://www.globalpost.com Honda says profits rise on weak yen, N. America sales http://www.globalpost.com/dispatch/news/afp/131030/honda-says-profits-rise-weak-yen-n-america-sales <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Honda said Wednesday that profits jumped in the six months to September as Japan's number-three automaker benefited from a weak yen and strong sales in North America.</p> <p>The company also reported brisk global demand for its name brand motorbikes, led by fast-growing markets in Asia.</p> <p>A sharp decline in the yen this year has boosted profitability at major Japanese exporters including Honda rivals Toyota and Nissan, which report their earnings next week.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131030/honda-says-profits-rise-weak-yen-n-america-sales" target="_blank">read more</a></p> Business Economy of Japan Honda Honda Transport AFP Wed, 30 Oct 2013 10:51:29 +0000 5974963 at http://www.globalpost.com October auto sales up 7.4 per cent from a year ago, DesRosiers says http://www.globalpost.com/dispatch/news/the-canadian-press/131101/gm-honda-and-toyota-report-higher-sales-cars-and-trucks-octo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>TORONTO - Canadian auto and truck sales last month were up 7.4 per cent from a year ago, according to data Friday compiled from DesRosiers Automotive Consultants.</p> <p>Light vehicle sales totalled 145,460 for the month, up from 135,476 in October 2012 as Ford led the way with a gain of more than 10 per cent.</p> <p>The U.S. automaker sold 22,635 vehicles for the month, up from 20,561 a year ago.</p> <p>"We are proud to have achieved the best month of sales on record in more than 15 years," Ford Canada president and chief executive Dianne Craig said in a statement.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/131101/gm-honda-and-toyota-report-higher-sales-cars-and-trucks-octo" target="_blank">read more</a></p> Business Economy of Japan Honda Human Interest Transport The Canadian Press Fri, 01 Nov 2013 19:32:10 +0000 5977786 at http://www.globalpost.com Canadian auto sales revved to record 1.74M in 2013; Ford leads the pack http://www.globalpost.com/dispatch/news/the-canadian-press/140103/chrysler-canada-reports-higher-sales-december-year-over-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>Canadian auto sales surged to a record 1.74 million vehicles in 2013 as the industry continued its astounding rebound from the Great Recession, according to figures supplied by DesRosiers Automotive Consultants.</p> <p>DesRosiers said Friday that last year's sales, which topped the previous record of just over 1.7 million in 2002, were up four per cent from 1.67 million in 2012. That was when the industry completed its comeback from the recession, which drove sales down to 1.46 million vehicles in 2009.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140103/chrysler-canada-reports-higher-sales-december-year-over-year" target="_blank">read more</a></p> Auburn Hills, Michigan Honda Transport The Canadian Press Fri, 03 Jan 2014 18:31:29 +0000 6034742 at http://www.globalpost.com Honda net profit doubles to $1.56 bn in Q3 http://www.globalpost.com/dispatch/news/afp/140131/honda-net-profit-doubles-156-bn-q3 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Honda said Friday net profit doubled to $1.56 billion in the three months to December, thanks to brisk global sales and a weaker yen.</p> <p>Net profit for October-December rose to 160.7 billion yen ($1.56 billion), while revenue rose 24.5 percent to 3.02 trillion yen in the quarter.</p> <p>The results were "mainly due to a rise in automobile and motorcycle net sales as well as the positive impact of foreign exchange effects", the company said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2014.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/140131/honda-net-profit-doubles-156-bn-q3" target="_blank">read more</a></p> Business Economy of Japan Honda Honda Transport AFP Fri, 31 Jan 2014 09:46:45 +0000 6057883 at http://www.globalpost.com