Honda To Invest $800 Million In New Automobile Plant In Mexico

- Honda To Invest $800 Million In New Automobile Plant In Mexico



Aug 12, 2011

Honda de Mexico (NYSE:HMC), Honda's production and sales company in Mexico, announced that it will build an automobile plant for production of fuel-efficient subcompact vehicles for the Mexican and North American markets.

Honda will invest approximately $800 million to build the plant, which is scheduled to begin operation in 2014. The company is expected to hire 3,200 associates at its full annual capacity of 200,000 units; the plant will boost Honda's capital investment in its North American operations to nearly $21 billion.

Honda Motor (NYSE:HMC) has a potential upside of 37.5% based on a current price of $33.59 and an average consensus analyst price target of $46.2.

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Toyota Launches Prius Minivan, Orders Above Target

- Toyota Launches Prius Minivan, Orders Above Target



Jun 14, 2011

Toyota Motor Corp (NYSE:TM) has received 52,000 orders for the new Prius hybrid minivan in Japan, only one month after its launch. The new model, called the Prius Alpha had an initial sales target of 3,000, set by the company.

The original Prius hybrid model received 180,000 orders after its June 2009 relsease in Japan. The Prius also had a monthly sales goal at launch of around 10,000.

Toyota Motor has a potential upside of 15.9% based on a current price of $79.72 and an average consensus analyst price target of $92.4.

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Honda Extends North American Factory Slowdown By 2 Weeks

Honda Extends North American Factory Slowdown By 2 Weeks



Apr 15, 2011

Honda Motor Co (NYSE:HMC) said it will slow down production at its 11 North American factories into at least early May because of the ongoing parts shortage from Japanese earthquake-damaged factories.

The company said Friday it is extending the production cuts through at least May 6th, and it expects more disruptions beyond that.

The slowdowns could reduce output in the period by as much as 50%, and are likely to cause a shortage of Honda vehicles in a matter of weeks.

Honda's Japanese factories are running at half capacity, and the President of the company said it could take months to return to full production.

The company said none of its 21,000 North American factory workers would be laid off.

Shares of Honda Motor are trading up 1.73% at $35.87.

Toyota to cut back production in the U.K.

Toyota to cut back production in the U.K.



Apr 13, 2011

Toyota (TM) is cutting production in the U.K. as a result of the March 11 earthquake and tsunami in Japan. The automaker will suspend production at its vehicle factory in Burnaston, Derbyshire and at its engine plant in north Wales over the Easter holiday period in an effort to conserve parts. Additionally, the automaker is planning reduced production volumes in May.

Toyota and Nissan to resume production at 50% of planned volumes

Toyota and Nissan to resume production at 50% of planned volumes



Toyota (TM) and Nissan (NSANY) will each resume production at all of their factories in Japan from mid-to-late April, though output will be at 50% of planned volume. Toyota will restart manufacturing of its entire line-up at its 17 Japan plants from April 18, while Nissan will open its engine plant in Fukushima Prefecture on April 18. Output at all of their facilities in Japan will remain "well below" full capacity for an indefinite period, both companies say.

Honda Motor, Mazda Will Resume Limited Production At Japanese Factories In April

Honda Motor, Mazda Will Resume Limited Production At Japanese Factories In April



Honda (NYSE:HMC) and Mazda said they will resume limited production at several Japanese factories in April, but full production will depend on the availability of parts, which is another sign that the Japanese auto industry is starting to come back from the March 11 earthquake and tsunami.

Industry analysts say it could take until summer before factories are back at full output.

Japan is the second-largest supplier of cars in the world, and is also a major parts producer. The impact of the earthquake is already causing production cuts in other countries, including the U.S. Few plants were seriously damaged in Japan but water and electricity supplies have been hampered.