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Honda Motor Co Ltd (7267.T)

7267.T on Tokyo Stock Exchange

26 Aug 2016
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Latest Key Developments (Source: Significant Developments)

Honda exec: agrees with NHTSA's view on root cause of Takata air bag defects
Friday, 13 May 2016 03:54am EDT 

: Honda exec: agrees with NHTSA's view on root cause of Takata air bag defects . Honda: set aside recall costs for all air bag inflators without desiccants Further company coverage: [7267.T] (Reporting By Makiko Yamazaki).  Full Article

Honda assumes average dollar rate of 105 yen in fy2016/17
Friday, 13 May 2016 03:11am EDT 

: Honda Motor Co <7267.T>: assumes average dollar rate of 105 yen in fy2016/17 . sees fy2016/17 global sales of 3,745,000 cars . sees fy2016/17 Japan sales of 600,000 cars . sees fy2016/17 N.America sales of 1,990,000 cars . sees fy2016/17 Asia sales of 730,000 cars (Reporting by Maki Shiraki).  Full Article

Honda says Jan-April China vehicle sales +12.7 pct y/y
Tuesday, 10 May 2016 01:16am EDT 

Honda Motor Co <7267.T> says: April China vehicle sales up 18.3 pct y/y to 84,648 vehicles, versus up 14.8 pct in March . January-April China vehicle sales up 12.7 pct y/y to 346,379 vehicles (Reporting by Norihiko Shirouzu) ((Norihiko.Shirouzu@thomsonreuters.com;)).  Full Article

Honda Motor Co Ltd - Texas teen's death spurs renewed call to fix recalled cars - Reuters News
Thursday, 7 Apr 2016 09:08pm EDT 

Honda Motor Co Ltd:The brother of a Texas teenager killed by shrapnel from an exploding Takata Corp air bag said on Thursday that his family never received a recall notice about the defective vehicle safety device. - RTRS.The brother's comments came as federal safety regulators called current methods of alerting consumers about vehicle safety recalls inadequate.They also contradicted a statement from Honda Motor Co that said notices to replace the air bag were sent to the owners of the 2002 Honda Civic involved in the accident in which Huma Hanif, a high school senior, was killed.Hanif's death was the 10th in the United States linked to defective air bags made by Takata.Automakers have repaired or replaced about a quarter of the estimated 29 million defective Takata air bags recalled, according to the U.S. National Highway Traffic Safety Administration (NHTSA).Hanif, of Richmond, Texas, died on March 31 after the 14-year-old Civic she was driving hit the rear of another vehicle at an intersection, causing the air bag to deploy.Texas officials released new details about the accident on Thursday. Fort Bend County Sheriff Troy E. Nehls and other officials told a news conference that Hanif, 17, should have survived the relatively minor accident that crumpled the car's hood.However, an autopsy showed that her jugular vein and carotid artery were cut by metal shrapnel from the air bag's inflator.  Full Article

Honda Motor Co Ltd recalling around 164,000 vehicles in Japan - transport ministry - Reuters News
Sunday, 3 Apr 2016 12:24pm EDT 

Honda Motor Co Ltd:Honda recalling around 164,000 vehicles in Japan - transport ministry - RTRS.  Full Article

Honda Motor Co Ltd - OMRON Corp to pay $4.6mln, plead guilty to bid rigging-DOJ - Reuters News
Thursday, 17 Mar 2016 12:07pm EDT 

Honda Motor Co Ltd:A unit of Omron Corp has agreed to plead guilty and pay $4.6 million for conspiring to rig bids on power window switches installed in Honda Civics 7267.T sold in the U.S., the Department of Justice said on Thursday. - RTRS.Omron Automotive Electronics Co. Ltd conspired with another company to rig the bids between 2003 and 2013, the Justice Department said.  Full Article

Honda Motor Co Ltd - Honda Motorcycle and Scooter India suspends nearly 100 workers at Tapukara factory, Rajasthan - Business Standard - Reuters
Tuesday, 1 Mar 2016 11:08am EST 

Honda Motor Co Ltd:Honda Motorcycle and Scooter India (HMSI) has suspended close to 100 workers at its Tapukara factory in Rajasthan's Alwar district, alleging their involvement in the February 16 incidents of damage and disturbance - Business Standard.Many workers had gone on a strike that day, something the company says was illegal. HMSI, part of Japanese auto major Honda, is the country’s second largest two-wheeler player.“Close to 100 workers who were found to be involved directly in sabotage were given the suspension letters”, HMSI said in an e-mail.Another 60 workers were also sent warning letters, directing them to report for duty or face consequences.The high court in Jaipur granted bail on Tuesday to 39 of the 44 Tapukara workers who were arrested for alleged involvement in the February 16 happenings.The letter blames some workers for inciting others, hampering production, taking control of and damaging equipment, and intimidating executives.It said the presence of these workers was not in the interest of the company. The period of suspension is not mentioned.The warning letter accuses workers of being involved in an illegal strike and creating an atmosphere of indiscipline.And, that despite five separate directions to join work, these workers have stayed away. Business Standard has reviewed a copy of the letters.  Full Article

R&I affirms Honda Motor's rating at "AA" and changes outlook to negative from stable
Tuesday, 23 Feb 2016 01:00am EST 

Honda Motor Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA".Rating outlook changed to negative from stable.  Full Article

Honda Motor Co Ltd to recall 58,000 cars for airbag inflators Car makers 6th recall in India in 20 months - Business Standard
Friday, 19 Feb 2016 04:43am EST 

Honda Motor Co Ltd:The company said it would recall 49,572 units of City made between January 2012 and June 2013; 7,504 units of Jazz made between February 2012 and February 2013; and 600 units of Civic made between January 2012 and August 2012 - Business Standard.An inflator inflates airbags in case of a major collision.The car maker said, "The replacement would be carried out free of cost at Honda Cars India (Japanese car maker's local unit)'s dealerships across the country in a phased manner, starting from February 20. The company will communicate with customers directly.".  Full Article

Honda Motor Co Ltd - Continental AG says 5 mln vehicles worldwide may have faulty air bags - Reuters
Thursday, 4 Feb 2016 04:54pm EST 

Honda Motor Co Ltd:Continental Automotive Systems said on Thursday it supplied potentially defective air bag control units to 5 mln vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other manufacturers built over a five-year period worldwide, widening an air bag safety crisis - RTRS.Continental Automotive, a unit of Continental AG, told the U.S. National Highway Traffic Safety Administration that electronic systems built from 2006 through 2010 and used in 5 mln vehicles may fail and air bags may not deploy in a crash or may inadvertently deploy without warning. - RTRS.Continental spokeswoman Mary Arraf said the recall involved between 1.5 mln and 2 mln vehicles in the United States.Honda Motor Co said it is recalling 341,000 Accord models from 2008-2010 to replace control units linked to failures in Continental systems. At least two injuries are attributed to the defect. - RTRS.Fiat Chrysler said it is recalling 112,000 U.S. vehicles for the same issue, including the 2009 Dodge Journey, 2008-2009 Dodge Grand Caravan and Chrysler Town and Country and 2009 Volkswagen Routan that it had assembled for the German automaker. - RTRS.Mazda was aware of Continental's recall and investigating and VW did not know how many Chrysler-built Routan minivans are involved, according to company spokespeople - RTRS.  Full Article


Honda first-quarter profit beats forecasts as sales boost offsets forex impact

TOKYO Honda Motor Co. posted a stronger-than-expected 11.5 percent rise in first-quarter operating profit as higher vehicle and motorcycle sales as well as lower costs offset the impact of a stronger yen.