Honda Motor Co Stock (NYSE:HMC), Trade Ideas

Honda Motor Co

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 22.4 million cars and motorcycles in fiscal 2023 (3.7 million of which were autos), and consolidated sales were JPY 16.9 trillion. Automobiles constitute 63% of revenue and motorcycles 17%, with the rest split between power products and financial services. Honda also makes robots and private jets.

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Honda Motor unveils its ambitious plan to launch six electric vehicle (EV) models under the &#39;Ye&#39; brand in China by 2027. Featuring cutting-edge technology and the exclusive &#34;H mark&#34; design, these models promise enhanced driving performance and sustainability. 

Honda&#39;s Next-Gen EV Lineup: Plans &#39;Ye&#39; Series Rollout In China

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On Monday, Hyundai Motor Company (OTC: HYMTF) and Kia Corporation signed a memorandum  of understanding with Exide Energy Solutions Ltd with the aim of localizing EV battery production in India, joining the efforts of Tesla Inc (NASDAQ: TSLA

Hyundai And Kia To Boost Their Competitiveness In India

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On March 27th, Nissan Motor Co Ltd (OTC: NSANY) revealed it will be investing in Renault SA (OTC: RNLSY), more precisely, its EV unit Ampere.

Nissan Continues Its Global EV Growth Pursuit

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Honda Exec Says Company To Invest 4.2B Reais In Brazil Plant, Focusing On Hybrid-Flex Vehicles

Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) plans to&nbsp;<a target="_blank" href="https://global.honda/en/newsroom/news/2024/c240416eng.html?from=RSS%3Ffrom%3Dnewsrelease_area" rel="noreferrer noopener">introduce&nbsp;</a>a total of six Ye Series models in China by 2027.
The models include (yè) P7 (Ye P7) and (yè) S7 (Ye S7), as well as the concept model for the second set of series models, Ye GT CONCEPT.
Honda is currently offering the e:N Series EV models in China, where electrification of automobile products is in progress.
The all-new Ye Series models will wear the new &#8220;H mark&#8221; designed exclusively for Honda&#8217;s next-generation EV models.
The Ye Series models feature driving performance by applying a newly developed dedicated EV platform developed in China and integrating it with Honda&#8217;s electrification technologies.
The Ye P7 and the Ye S7 will be available in two variants, a one-motor rear-wheel drive model and a two-motor four-wheel drive model.
The all-new Ye P7 and Ye S7 models are scheduled to go on sale at the end of 2024 and production models based on the Ye GT CONCEPT are scheduled to go on sale before the end of 2025.
Starting with the introduction of the e:NS1 and e:NP1 models in 2022, Honda plans to introduce 10 Honda-brand EV models in China by 2027.
Price Action: HMC shares are trading lower by 1.42% at $35.35 in premarket on the last check Tuesday.
Image Via Shutterstock

Honda's Next-Gen EV Lineup: Plans 'Ye' Series Rollout In China

Honda Motor Co Says Honda Progress In Establishment Of EV Hub In Ohio Will Lead To EV Production In North America; Marysville Auto Plant Gearing Up For Start Of EV Production In 2025; Expected To Hire 300 Associates For Its EV Hub In Ohio; Committed To Investing At Least $700M To Transform Marysville Auto Plant, East Liberty Auto Plant And Anna Engine Plant

On Monday, Hyundai Motor Company (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>) and Kia Corporation signed a memorandum&nbsp;&nbsp;of understanding with Exide Energy Solutions Ltd&nbsp;with the aim of localizing EV battery production in India, joining the efforts of Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) who is also reportedly considering to tap into India for EV production facilities as the&nbsp;average manufacturing labour cost&nbsp;in the country&nbsp;&nbsp;is estimated to be&nbsp;only&nbsp;about one-fourth of labour cost in China.
<h3>Hyundai And Kia Are Boosting Heir Efforts In India</h3>
Exide Energy&nbsp;plans to&nbsp;produce EV battery cells at the end of this year.&nbsp;With a specific focus on&nbsp;lithium-iron-phosphate (LFP) cells,&nbsp;Exide Energy Solutions&nbsp;will be supplying&nbsp;batteries&nbsp;to the South Korean automaker who aims to&nbsp;boost competitiveness in the world&#39;s&nbsp;third largest&nbsp;auto market.&nbsp;Along with the United States, South Korea and Western Europe, India is one of Hyundai and Kia&rsquo;s&nbsp;four biggest revenue generating markets.
Last year, Hyundai committed to invest about $2.40 billion over the next decade in its Indian footprint which includes the launch of six EVs by 2028, along with charging stations.
Meanwhile, Kia aims to bring locally-optimized EVs to India.
Kia CEO and President,&nbsp;Ho Sung Song confirmed the arrival of&nbsp;three&nbsp;EVs,&nbsp;including&nbsp;Carens EV, along with&nbsp;another mass-market product.&nbsp;Kia will be launching the flagship EV9 in India&nbsp;this year. In 2025, India&rsquo;s roads will be getting two mass market EVs from Kia, but Carens will be Kia&rsquo;s first made-in-India EV.&nbsp;The model&nbsp;will compete&nbsp;against&nbsp;other EVs in India, including&nbsp;the Hyundai Creta&nbsp;EV,&nbsp;as well as&nbsp;Honda&nbsp;Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>)&nbsp;Elevate EV&nbsp;and Suzuki Motor Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmy#OTC">SZKMY</a>)-subsidized&nbsp;Maruti eVX, and Tata&nbsp;Motors&nbsp;Curvv EV.
Firing on all cylinders seems to be paying off for Hyundai Motor Company.
On another part of the globe, Hyundai Motor America just reported an all-time record.&nbsp;Earlier this month, Hyundai Motor America reported its best-ever first quarter sales, along with its best ever March.&nbsp;As for the first quarter record, Hyundai sold&nbsp;84,804 units&nbsp;while EV sales rose&nbsp;62%&nbsp;YoY.&nbsp;
In March, Hyundai sold&nbsp;a record breaking&nbsp;76,920 units&nbsp;which represents a 2% YoY increase, while&nbsp;EV sales&nbsp;expanded100%. Hyundai sold&nbsp;11,485 units&nbsp;of&nbsp;eco-friendly vehicles in March. Also last month, Hyundai&nbsp;unveiled an enhanced 2025 Santa Cruz Sport Adventure Vehicle&nbsp;during the New York International Auto Show. Hyundai&nbsp;has never hit its commitment to&nbsp;cutting-edge R&amp;D. Back in 2022,&nbsp;Hyundai America Technical Cente, a divison of Hyundai Motor Group,&nbsp;signed a letter of understanding with Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>), for the tonneau cover maker specialized in clean energy automotive accessories, to produce a prototype of its solar-powered tonneau cover SOLIS and a modified version of its portable battery system COR to fit the bed geometry of the Santa Cruz. Earlier in March, Worksport confirmed it is on track to launch the SOLIS and COR this summer. With the SOLIS and COR power duo, Worksport is promising extra mileage to EV pickups and off grid mobile power from the Sun to any consumer. Worksport also announced the eligibility of its offering for Tesla, as well as General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>), Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) and others, creating space for many partnerships.
<h3>Hyundai, Kia And Exide&rsquo;s A&nbsp;Strategic Maneuver To Propel India&rsquo;s EV Revolution</h3>
While China and the U.S. deal with an EV slowdown, India&rsquo;s EV market is booming. While the world&rsquo;s two largest economies remain at the forefront of the EV revolution, Hyundai and Kia&rsquo;s strategic maneuver will propel India&rsquo;s growing EV market to join the leading team. After nearly doubling last year, India&rsquo;s EV sales are expected to rise as much as 66% this year, according to Reuters that quoted a&nbsp;research firm Counterpoint.&nbsp;According to the report, EVs will make nearly a third of the country&rsquo;s personal vehicle market by the end of the decade.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

American Honda March Total Sales 130,504 Units, Up 11.8%

On March 27th, Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>) revealed it will be investing in Renault SA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rnlsy#OTC">RNLSY</a>), more precisely, its EV unit Ampere. Interestingly, Nissan decided to deepen its partnership with Renault even after the French automaker ditched the unit&rsquo;s listing plans due to sluggish market conditions. &nbsp;
<h3>Reshaping The Longstanding Partnership With Renault</h3>
Renault plans to sell a stake of about 2.5% in Nissan shares to the&nbsp;91-year-old&nbsp;Japanese car maker, with the deal possibly could generating up to 362 million euros ($392 million). This is Renault&rsquo;s second share sale as it looks to cut its Nissan stake from about 43% to 15%, as Renault sold a 5% stake in Nissan back&nbsp;to Nissan in December, as part of its share buyback program. The deal resolved the cause of long-term friction, along both automakers to move forward at a time of unparalleled changes as the industry undergoes its biggest transformation to date.
Back in December, Nissan confirmed it plans to invest about 600 million euros in the unit, along with Mitsubishi who followed with 200 million. With the latest news, Renault and Nissan deepend their ties, with collaboration being in the industry&#39;s air as perhaps the best bet for surviving these uncertain times which will undoubtedly linger.&nbsp;
Nissan is evaluating a potential partnership with Honda.
Reuters reported that Nissan is evaluating a potential partnership with its Japanese peer Honda Motor Co Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>). In an effort to fight off its rivals in China, namely BYD Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>) and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>),&nbsp;Nissan is considering to join forces with Honda, according to Reuters. With Honda, Nissan could gain scalability which is key to facing off Tesla and BYD. Moreover, Reuters reported that the partnership would focus on key EV parts as well. Then again, Honda has an existing collaboration with General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) as it aims to expand its ratio of EVs and fuel cell vehicles to reach 100% of all sales by the end of 2040.&nbsp;
Nissan aims to restore its EV place with the Arc.&nbsp;
Nissan got cemented in the early days of EV history as an EV pioneer with its all-electric Leaf. But, a long has happened since as Nissan got overshadowed by its rivals such as Tesla and BYD, with emerging players coming at great speed.&nbsp;CEO Makoto Uchida spoke of the need to shake things up as he announced the company&rsquo;s new business plan, The Arc. With the new strategy, Nissan aims to achieve some ambitious goals as it plans to launch 30 new models, out of which 16 will be electric by May 2027. By the end of the decade, Nissan aims to cover all segments of the EV market by launching another 18 models, aiming for a 60% model mix. Also, by investing more than&nbsp;$2.6 billion in battery development, Nissan targets to lower the cost of next-generation EVs by 30%, which would bring them at par with their gas-powered counterparts by the end of the decade.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Bernstein&nbsp;analyst Toni Sacconaghi maintained&nbsp;Tesla Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with an Underperform rating and lowered the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/TSLA/analyst-ratings" rel="noreferrer noopener">price target from $150 to $120</a>.
The analyst said that sentiment towards Tesla has become increasingly bearish, leading to a revision of production and delivery estimates ahead of the April 2 announcement.&nbsp;
Notably, weakened demand in Europe and China and decelerated EV adoption in these regions and the U.S. have contributed to these adjustments.&nbsp;
Additionally, production delays for the Highland Model 3 in Fremont have prompted a decrease in volume forecasts from 490k to 426k for the first quarter and from 2.12 million to 1.98 million for the year, below consensus expectations.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/01/36594809/whats-going-on-with-tesla-stock-thursday" rel="noreferrer noopener">Tesla Boosts Salaries for Production Associates, Amid UAW Efforts and Previous Labor Violations</a>
Consequently, the GAAP EPS estimate has been lowered from $2.31 to $2.06, contrasting with a consensus of $2.62. For fiscal 2025, estimates predict 2.18 million units and an EPS of $2.22 versus a consensus of $3.69.
These revisions are partly due to soft demand in key markets and challenges in ramping up the Highland Model 3 production.&nbsp;
This suggests the refresh needs to be revised to boost demand significantly, as per Sacconaghi.&nbsp;
As a result, Tesla&#8217;s stock performance has suffered, with a 31% decline year-to-date, lagging behind the S&amp;P and other major tech stocks. Despite this, Tesla&#8217;s valuation remains high compared to that of traditional auto manufacturers, driven by unique growth expectations.
Comparisons to BYD reveal a stark contrast in valuation and economic fundamentals, with Tesla&#8217;s market cap substantially exceeding that of BYD despite similar sizes in terms of volumes and revenue, the analyst stated.&nbsp;
Furthermore, Tesla&#8217;s margins are declining, and its growth rate aligns more closely with traditional auto companies like Toyota and Honda than with high-growth firms.
Tesla&#8217;s valuation also appears elevated compared to large-cap tech companies, raising questions about its premium pricing given the competitive and regulatory challenges it faces, Sacconaghi stated. 
Despite these concerns, Tesla&#8217;s ambitious targets for its energy storage business and its potential in other areas like Full Self-Driving (FSD) and robotaxis suggest future growth areas. 
However, he added that the sustainability of its high valuation in light of these challenges remains a crucial question for investors and analysts alike.
The stock has lost 31% year-to-date. Investors can gain exposure to the stock via&nbsp;Tidal ETF Trust II The Meet Kevin Pricing Power ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>) and&nbsp;Vanguard Consumer Discretion ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>).
Price Action:&nbsp;TSLA shares traded higher by 4.29% at $180.10 on the last check Tuesday.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/government/23/11/35890731/tesla-set-to-expand-across-india-build-2b-factory-elon-musk-expected-to-visit" rel="noreferrer noopener">Tesla Set To Expand Across India, Build $2B Factory, Elon Musk Expected To Visit</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

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Tesla Faces Tough Road Ahead, Analyst Predicts Lower Earnings Citing Market and Production Hurdles

Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) reportedly plans to commence mass production of an electric Hilux pickup truck by the end of 2025, as affirmed by <a href="https://www.benzinga.com//node/37927933">Noriaki Yamashita, the president of Toyota Thailand.</a>
The move follows&nbsp;Isuzu Motors&#8217;&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ISUZY#OTC">ISUZY</a>) recent declaration to manufacture its battery-powered D-MAX pickup in Thailand by 2025, reported Reuters.
Thailand, recognized as a pivotal automaking hub, sees the production of various vehicles, notably pickup trucks, for both domestic consumption and international markets.
Amidst growing momentum toward electric vehicle adoption, spearheaded by Chinese brands like&nbsp;BYD Company&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), state-owned Changan Automobile, and Great Wall Motors, significant investments totaling $1.44 billion have been injected into Southeast Asia&#8217;s second-largest economy, as per the report.
With Japanese automakers like&nbsp;Nissan Motor Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) and&nbsp;Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) dominating the landscape, Toyota aims to assert its leadership further, targeting to sell 250,000 vehicles in Thailand this year.
The report further noted Toyota&#8217;s forthcoming trials of a dozen battery Hilux pickup trucks slated for public transportation trials in Pattaya, eastern Thailand, next month.
Price Action: TM shares are trading higher by 0.77% at $254.37 on the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

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ISUZY

Toyota Powers Up, Reportedly Plans Mass Production Of Electric Hilux In Thailand

While EV leaders Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and BYD Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>), along with legacy automakers Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>), General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>), and Volkswagen AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>) brace for cooling EV demand by scaling back or delaying plans, Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>) entered a new week by announcing the launch of 30 new models over the next three years, with 16 of them being electrified. The update to its medium-term business plan came as a response to addressing extreme market volatility, with the development of the EV industry and particularly the price pressures, coming in much sooner than expected.
Nissan President and CEO Makoto Uchida stated that&nbsp;Nissan is now targeting to sell an additional 1 million vehicles by the end of fiscal year 2026, while also&nbsp;aiming for&nbsp;an operating profit margin of more than 6%&nbsp;and&nbsp;total shareholder returns of more than 30%&nbsp;during the same timeframe which is the year ending in March 2027.
<h3>Collaboration Is The Way Forward</h3>
While focused on lowering costs by 30% until the end of the decade, Nissan will be&nbsp;developing EVs in &ldquo;families,&rdquo; by integrating powertrains and aiming to innovate the existing battery concept. Through smart partnerships, like the one that Nissan announced it is considering with its rival Honda Motor Co Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>), will help Nissan to deal with cut-throat competitors. Earlier in March, Reuters reported Nissan is considering a strategic partnership with Honda. Together, Nissan and Honda would collaborate to produce key EV components and develop AI in automotive software platforms. The potential partnership would help both Nissan and Honda achieve economies of scale as they are both threatened by BYD and Tesla.
Everyone agrees that there&rsquo;s a lot of uncertainty.
Like Tesla that braced for a notably lower growth rate, as well as GM, Ford and other automakers, Nissan agrees that the next five years will be filled with uncertainty. Even the resilient Chinese powerhouse, BYD, guided for a slower growth pace. Through collaborations, Nissan aims to address the challenges by achieving scalability, which Japan&rsquo;s third largest automaker by sales believes is key in overcoming the challenges that lie ahead. With its plan, titled the Arc, Nissan aims to ensure volume growth and prepare for an accelerated EV transition by balancing its portfolio between EV and combustion cars, while growing volumes in major markets and exercising financial discipline. Supported by smart partnerships, enhanced EV competitiveness, differentiated innovations and new revenue streams, Nissan expects the strategy to result in new business opportunities that will potentially bring in about $16 billion in revenue by fiscal year 2030.
We often forget that Nissan is an EV pioneer like Tesla,&nbsp;with its all-battery-powered Leaf that established the widespread acceptability of EVs. But Tesla, as well as BYD eclipsed its EV efforts. But, history does not have to repeat itself if Nissan learned from this experience as it aims to lay the foundation for long-term profitable growth with its undergoing strategy.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

VWAGY

Nissan's Expeditious Response To The Much Sooner Than Expected Developments Of The EV Evolution

The National Highway Traffic Safety Administration (NHTSA) is reportedly probing a fatal crash involving a Ford Motor Company&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) <a href="https://www.benzinga.com//node/37756879">Mustang Mach-E in San Antonio, Texas.</a>
NHTSA&#8217;s investigation is prompted by suspicions that an advanced driver assistance system was active during the accident, reported Reuters.
The report noted that the NTSB initiated a separate inquiry into the incident, focusing on the collision between the Ford and a stationary&nbsp;Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) CR-V on Interstate Highway 10 on February 24.
A San Antonio police report revealed that the Ford was utilizing &#8220;partial automation&#8221; at the time of the crash.
NHTSA regularly conducts over 100 special crash investigations yearly, examining emerging technologies and potential auto safety concerns, as per the report.
This marks NHTSA&#8217;s first special crash investigation into a Ford advanced system.
The report further noted that the driver of the Honda CR-V, Jeffrey Allen Johnson, succumbed to injuries after being transported to a hospital.
Ford&#8217;s BlueCruise, touted as an advanced hands-free driving system, functions on 97% of U.S. and Canadian highways without intersections or traffic signals.
The report quoted NTSB as investigating the crash &#8220;due to its continued interest in advanced driver assistance systems and how vehicle operators interact with these technologies.&#8221;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Ford's Advanced Driving Systems Under Scrutiny: Fatal Mustang Mach-E Crash Reportedly Triggers Federal Probe

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NTSB Says It Opened A Safety Investigation Into A Feb. 24 Collision Between An Electric Powered Ford Mustang SUV And A Honda CR-V In Texas

Nissan Motor Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) and Honda Motor Co., Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) have entered into a memorandum of understanding for a <a href="https://global.honda/en/newsroom/news/2024/c240315eng.html?from=RSS?from=newsrelease_area">strategic partnership in vehicle electrification and intelligence</a>.
The scope of the feasibility study includes automotive software platforms, core components related to EVs, and complementary products.
The companies will channelize their efforts to strengthen environmental and electrification technologies to achieve carbon neutrality and zero traffic-accident fatalities.
"It is important to prepare for the increasing pace of transformation in mobility in the mid-to-long-term, and it is significant that we have reached this agreement based on a mutual understanding that Honda and Nissan face common challenges," said President and CEO Makoto Uchida.
 Japanese automakers face tough competition in China from local newcomers, leading to production cutbacks, according to a report from <a href="https://www.bloomberg.com/news/articles/2024-03-15/honda-nissan-form-ev-partnership-to-compete-with-chinese-brands?srnd=industries-v2&amp;sref=TBDibEcD">Bloomberg</a>. 
Honda and Nissan consider reducing production capacity amidst declining sales, contrasting with BYD Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) expansion plans in Japan.
Honda aims for carbon neutrality by 2050, planning to sell only electrified cars by 2040. Nissan targets carbon neutrality across its product life cycle by fiscal year 2050.
<h2 class="wp-block-heading">HMC Stock Prediction 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Honda Motor Co, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Honda Motor Co, the 200-day moving average sits at $32.23, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $35.96. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action: HMC shares closed higher by 0.06% at $7.58 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Honda And Nissan Forge Alliance To Boost Electric Car Tech

Broadcaster TV Tokyo Says Nissan, Honda Considering Business Partnership

Toyota Motor Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) has reportedly honored its labor union&#8217;s requests for salary and bonus increases for the fourth consecutive year, indicating a potential sustainable wage-price cycle in Japan&#8217;s economy.
The agreement with its unions, announced on Wednesday, led to a surge in the yen and a drop in government bond futures, hinting at anticipation of actions by the Bank of Japan, according to a report from&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-13/toyota-agrees-to-union-pay-hikes-bolsters-boj-policy-shift-view?srnd=industries-consumer&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Toyota&#8217;s agreements set a precedent for wage trends among major companies, employing over 5 million individuals, showcasing its pivotal role in Japan&#8217;s economic landscape.
The agreement with Toyota follows similar moves by other automakers like&nbsp;Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and&nbsp;Mazda Motor Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>), reflecting a broader push for wage growth that surpasses inflation, the report adds.
The outcomes of these negotiations are expected to prompt the Bank of Japan to consider policy shifts, potentially marking the end of Japan&#8217;s prolonged negative interest rate regime by April, the report cited economists.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37450838/toyota-to-infuse-2-2b-in-brazilian-automotive-sector-report" rel="noreferrer noopener">Toyota To Infuse $2.2B In Brazilian Automotive Sector: Report</a>
Price Action: TM shares are trading lower by 1.98% at $233.23 in premarket on the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

MZDAY

Driving Change: Toyota Reportedly Gives Green Light To Higher Wages

Japan&#8217;s&nbsp;Nissan Motor&nbsp;Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) and&nbsp;Honda Motor&nbsp;Co&nbsp;Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) reportedly mull over reducing production in China amid heightened competition from electric vehicle manufacturers like&nbsp;BYD&nbsp;Company&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>).
Nissan contemplates scaling back production by about 30%, equivalent to roughly 500,000 cars annually, while Honda explores a potential 20% reduction to approximately 1.2 million vehicles, reported Reuters, citing the Nikkei newspaper.
Nissan is restructuring its production facilities with local partners in China, seeking to utilize excess capacity for exporting vehicles <a href="https://www.benzinga.com//node/37563742">to other Asian countries, the report added.</a>
Nissan recorded a 16.1% drop in sales in China last year, with Honda witnessing a 10% decline in vehicle sales over the same period.
The rise of Chinese brands has contributed to a loss of market share for foreign automakers operating in China.
The report noted Nissan, in partnership with Dongfeng Motor, operates eight factories in China, while Honda, through joint ventures with GAC Group and Dongfeng, manages a total of seven factories across the country.
Looking to diversify its market presence, Nissan recently reveled its plan to commence exports from China to other global markets starting next year.
Nissan&#8217;s CFO, Stephen Ma, reportedly acknowledged a revised sales forecast due to the company&#8217;s performance in China, indicating the pressure faced by Japanese automakers in the region.
Price Action: HMC shares are trading higher by 1.41% at $35.17 on the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by michelmond on Shutterstock

Nissan, Honda Weigh China Production Cuts Amid EV Market Strain: Report

<h3>Understanding Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the consumer cyclical sector:</h2>
<ol>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) - P/E: 3.2</li>
<li>Jakks Pacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAKK#NASDAQ">JAKK</a>) - P/E: 2.85</li>
<li>Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) - P/E: 7.56</li>
<li>Honda Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) - P/E: 8.92</li>
<li>Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) - P/E: 9.49</li>
</ol>
China Automotive Systems saw a decrease in earnings per share from 0.35 in Q2 to $0.31 now. Jakks Pacific saw a decrease in earnings per share from 4.75 in Q3 to $-1.04 now. Most recently, Aptiv reported earnings per share at $1.4, whereas in Q3 earnings per share sat at $1.3. Most recently, the company reported a dividend yield of 0.97%, which has decreased by 0.01% from last quarter's yield of 0.98%.
Honda Motor Co's earnings per share for Q3 sits at $1.06, whereas in Q2, they were at 1.07. Its most recent dividend yield is at 6.65%, which has increased by 1.63% from 5.02% in the previous quarter.
Guess has reported Q3 earnings per share at $0.49, which has decreased by 31.94% compared to Q2, which was 0.72. Most recently, the company reported a dividend yield of 4.97%, which has decreased by 1.63% from last quarter's yield of 6.6%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

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5 Value Stocks In The Consumer Cyclical Sector

The U.S. National Highway Traffic Safety Administration (NHTSA) has reportedly initiated a preliminary probe into approximately 250,712&nbsp;Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) Insight and Passport vehicles due to unintended activation of automatic emergency braking.
The NHTSA&#8217;s investigation stems from 46 complaints, including three crashes or fires and two injuries, reported Reuters.
The report noted that Honda&#8217;s hybrid electric car, the Insight, and its Passport SUV models from 2019-2022 were affected by emergency brake malfunctions.
Inadvertent activation of the automatic emergency braking system poses collision risks, per the NHTSA.
The report further added that a preliminary evaluation by the NHTSA involves scrutinizing consumer complaints or manufacturer service bulletins.
Price Action: HMC shares are trading lower by 2.04% at $34.79 on the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Honda Vehicles Under Probe For Braking Issues: Report

Japan&#8217;s&nbsp;Nissan Motor&nbsp;Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) reportedly could shift production of its ultra-compact electric cars in-house, currently built by partner&nbsp;Mitsubishi Motors Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MMTOF#OTC">MMTOF</a>).
Nissan is contemplating relocating production to its Kyushu factory in the fiscal year commencing April 2028, according to a report from Reuters.
The Nissan Sakura was Japan&#8217;s best-selling vehicle in the passenger EV market in 2023, with a 42% share, the report noted.
Nissan reportedly views Sakura&#8217;s success as an opportunity to boost production efficiency and reduce costs, potentially capitalizing on the growing demand for kei electric vehicles.
The plan, if realized, aims to enhance profit margins for Nissan, which currently lags behind competitors like&nbsp;Toyota Motor&nbsp;Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and&nbsp;Honda Motor Company, Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) in this segment, as per the report.
The automaker&#8217;s Kyushu plant, with an annual capacity of 500,000 vehicles, is poised to play a central role in this strategic shift, freeing up capacity for producing kei EVs.
The Sakura, known as a &#8220;kei car,&#8221; is specifically designed for the Japanese market.
The report further noted that Nissan and Mitsubishi would continue to handle the planning and development of kei EVs through the joint venture NMKV.
The parties established NMKV on June 1, 2011, as a 50/50 joint venture engaged in product planning and project management for minivehicles sold in the Japan market.
Price Action: NSANY shares traded lower by 0.80% at $7.45 on the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by michelmond on Shutterstock

MMTOF

Nissan Eyes In-House Production Of Ultra-Compact EV From 2028: Report

Toyota Motor Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) didn&#8217;t make an offer to meet union demands for pay increases amid ongoing wage negotiations.
The workers&#8217; union seeks a 7.6-month bonus and undisclosed wage hike. The automaker, which boosted compensation significantly last year, plans to present an offer at the next meeting on March 13, according to a report from&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-06/toyota-union-at-impasse-over-pay-hikes-with-boj-policy-in-focus?srnd=industries-consumer&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Given its central role in Japan&#8217;s vast auto manufacturing network, Toyota&#8217;s decisions hold significant weight. The outcome of these negotiations is closely watched, as it could indicate the trajectory of Japan&#8217;s wage-price cycle.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37480148/toyota-revs-up-ev-game-shifts-gears-with-full-ownership-of-peve-for-expanded-battery-production" rel="noreferrer noopener">Toyota Revs Up EV Game: Shifts Gears With Full Ownership Of PEVE For Expanded Battery Production</a>
Prime Minister Fumio Kishida&#8217;s administration advocates for wage growth surpassing inflation, with&nbsp;Honda Motor Co Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and&nbsp;Mazda Motor Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MZDAY#OTC">MZDAY</a>) already agreeing to wage increases, the report added.
These talks are part of Japan&#8217;s annual spring wage negotiations, with important implications for the country&#8217;s economy and monetary policy.
Also See:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37450838/toyota-to-infuse-2-2b-in-brazilian-automotive-sector-report" rel="noreferrer noopener">Toyota To Infuse $2.2B In Brazilian Automotive Sector: Report</a>
Price Action: TM shares closed higher by 1.78% at $248.19 on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by RYO Alexandre on Shutterstock

Toyota, Union Likely To Reach Deal On Pay Hike In Mid-March: Report

Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly <a href="https://www.benzinga.com/markets/equities/24/02/37346162/apple-abandons-electric-car-project-to-focus-on-generative-ai">pulled the plug on its self-driving car project,</a> dubbed Project Titan, and this triggered a mixed reaction from the Street. An analyst, who weighed in on the development on Tuesday, has one big takeaway for companies.
What Happened: New Street Research analyst Pierre Ferragu, who is a Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bull, made note of Apple&#8217;s 10 years of &#8220;excruciating work&#8221; that went down the drain due to the rumored decision to shelve the Apple Car project.
The analyst said he previously viewed that Apple&#8217;s unrelated diversification into self-driving cars might be an exception. He suggested he may have been wrong. &#8220;Maybe the golden rule of tech applies: being very good at one thing doesn't make you good at any other,&#8221; he said.
Ferragu, who also covers Apple, has a Neutral rating on the stock and a $175 price target.
The development set-off an unrelated concern in the New Street Research analyst. &#8220;I hope $TSLA is not working on a phone,&#8221; he said, apparently expressing his worst fears for Tesla, which he rates a Buy with a $255 price target.
One cannot shrug off the fear as an imaginary one. When it was rumored in November 2022 that Apple and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) might kick Twitter out of their respective app stores, Musk did not rule out the possibility of developing an in-house smartphone. 
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best Electric Vehicle Stocks</a>
Why It&#8217;s Important: Apple may have given up but other tech companies are either getting started or have made progress or embarked on this front. Given that self-driving tech belongs more to a technology domain than autos, tech companies with their expertise have an edge over traditional car companies or EV startups. 
Google&#8217;s Waymo self-driving project is thriving despite the many hiccups. Consumer electronics giant Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) has partnered with Honda Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) for a car project. Chinese smartphone maker Xiaomi Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) unveiled late last year its first electric sedan called the SU7.
Apple may now have to be content with <a href="https://www.benzinga.com/general/entertainment/23/05/32313939/apple-carplay-vs-android-auto-whats-on-tesla-ford-rivian-and-gms-dashboards">limited exposure to the auto industry</a> with its CarPlay<a href="https://www.benzinga.com/general/entertainment/23/05/32313939/apple-carplay-vs-android-auto-whats-on-tesla-ford-rivian-and-gms-dashboards">,</a> which lets people get directions, make calls, send and receive messages, listen to music, and more from their car's built-in display. The company licenses this to automakers.
Apple ended Wednesday&#8217;s session down 0.81% to $182.63, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Photo via Shutterstock
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/02/37354488/jim-cramer-says-alphabet-should-follow-apples-lead-and-cut-ineffective-projects-time-google-star">Jim Cramer Says Alphabet Should Follow Apple&#8217;s Lead And Cut Ineffective Projects: &#8216;Time Google&#8230;Start Focusing On Actually Making Some Money&#8217;</a>

Analyst Color

AAPL

GOOG

GOOGL

Sony Group Corporation American Depositary Shares

SONY

XIACF

Apple's EV Fiasco Stirs Fear In Bullish Analyst About Elon Musk's Company: 'I Hope Tesla Is Not Working On A Phone'

The automotive industry is poised for substantial expansion, thanks to the rising demand for EVs, high new vehicle sales amid affordable financing, and advancements in autonomous vehicles. Given this backdrop, it could be wise to buy top auto stocks Mercedes-Benz (MBGAF), Subaru (FUJHY), and Honda Motor (HMC) for potential gains. Read more... The automotive industry is growing considerably, with rapid urbanization and population growth influencing demand for new vehicles, rising disposable incomes, and the global transition to EVs and hybrid cars amid increasing environmental awareness and government support.
Given the industry's tailwinds, investors could consider buying fundamentally sound auto stocks Mercedes-Benz Group AG (<a href="https://stocknews.com/stock/MBGAF/">MBGAF</a>), Subaru Corporation (<a href="https://stocknews.com/stock/FUJHY/">FUJHY</a>), and Honda Motor Co., Ltd. (<a href="https://stocknews.com/stock/HMC/">HMC</a>), which are at the forefront of market gains.
Increasing demand for high-end passenger vehicles, urbanization, and rising infrastructure spending in developing economies are driving the auto industry's growth. Also, with technological advancements, increasing environmental consciousness, and supportive government policies, EVs have gained significant traction worldwide.
The global electric vehicle market is expected to exceed $951.90 billion by 2030, growing at a <a href="https://www.marketsandmarkets.com/Market-Reports/electric-vehicle-market-209371461.html">CAGR of 13.7%</a>.
Moreover, Fed Chair Jerome Powell and colleagues are considering easing inflation-fighting efforts after raising interest rates to a two-decade high. This shift, signaling a pause in rate hikes and potential cuts, could fuel growth in the automotive sector. With this, the U.S. new vehicle sales are predicted to increase by 1% to <a href="https://www.reuters.com/business/autos-transportation/us-new-vehicle-sales-rise-1-2024-report-2023-12-13/">15.70 million units</a> this year.
In addition, Artificial Intelligence (AI) is revolutionizing the automotive industry, driving advancements in autonomous vehicles and improving production capabilities, supported by growing consumer demand and government initiatives. The global automotive AI market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/automotive-artificial-intelligence-market-report">CAGR of 22.7%</a> by 2030.
Considering these encouraging trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry stocks, beginning with the third choice.
Stock #3: Mercedes-Benz Group AG (<a href="https://stocknews.com/stock/MBGAF/">MBGAF</a>)
Based in Stuttgart, Germany, MBGAF operates as a global automotive company. It develops, manufactures, and sells premium and luxury cars and vans under the Mercedes-AMG, Mercedes Benz, Mercedes-Maybach, and Mercedes-EQ brands, as well as related spare parts and accessories. It also offers financing, leasing, car subscription and rental, and other services.
MBGAF distributes an annual dividend of $5.72, which yields 7.17% on the current market price, higher than its four-year average dividend yield of 5.09%. The company's dividend payouts have increased at a CAGR of 14.8% over the past five years.
MBGAF's trailing-12-month EBIT margin of 11.41% is 49.6% higher than the industry average of 7.63%. Also, the stock's trailing-12-month EBITDA and net income margin of 13.93% and 9.31% are 26.7% and 96.1% higher than the industry averages of 10.99% and 4.75%, respectively.
For the fiscal year that ended December 31, 2023, MBGAF's revenue increased 2.1% year-over-year to €153.22 billion ($165.84 billion). Its adjusted <a href="https://www.investopedia.com/terms/e/ebit.asp#:~:text=EBIT%2C%20or%20operating%20profit%2C%20measures,debt%2C%20and%20fund%20ongoing%20operations.">EBIT</a> stood at €19.66 billion ($21.29 billion). The company reported net profit and EPS of €14.53 billion ($15.73 billion) and €13.46, respectively.
Analysts expect MBGAF's revenue for the third quarter (ending September 2024) to increase 5.5% year-over-year to $41.44 billion. For the fiscal year ending December 2025, Street expects its revenue to grow 1.9% year-over-year to $167.73 billion. Moreover, the company topped consensus EPS estimates in three of the trailing four quarters, which is impressive.
MBGAF's stock has soared 16% over the past six months to close the last trading session at $79.72.
MBGAF's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Quality, Value, Growth, Momentum, and Stability. It is ranked #4 in the 58-stock <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry.
Beyond what is stated above, we've also rated MBGAF for Sentiment. Get all MBGAF ratings <a href="https://stocknews.com/stock/MBGAF/">here</a>.
Stock #2: Subaru Corporation (<a href="https://stocknews.com/stock/FUJHY/">FUJHY</a>)
Based in Tokyo, Japan, FUJHY manufactures and sells automobiles and aerospace products in Japan, the rest of Asia, North America, Europe, and internationally. The company operates through three segments: Automotive; Aerospace; and Others.
On March 19, 2024, FUJHY and Panasonic Panasonic Energy Co., Ltd., a Panasonic Group Company, signed a basic cooperative agreement covering the supply of cylindrical automotive lithium-ion batteries.
In July last year, the two companies began discussions aimed at building a medium- to long-term partnership to serve the expanding market for battery electric vehicles (BEVs) and automotive batteries. These discussions have now resulted in the signing of this agreement.
FUJHY's trailing-12-month EBIT margin of 9.61% is 26% higher than the industry average of negative 7.63%. Its trailing-12-month EBITDA margin of 14.63% is 33.1% higher than the 10.99% industry average. Also, the stock's trailing-12-month net income margin of 7.73% is 62.8% higher than the 4.75% industry average.
During the nine months that ended December 31, 2023, FUJHY's revenue increased 24.5% year-over-year to ¥34.96 billion ($230.83 million). Its operating profit rose 73.6% from the year-ago value to ¥3.71 billion ($24.50 million). Also, profit for the period attributable to owners of parent increased 93.5% year-over-year to ¥2.99 billion ($19.70 million).
Analysts expect FUJHY's revenue for the fourth quarter ending March 2024 to increase 7.6% year-over-year to $7.73 billion. Additionally, the company has surpassed the consensus revenue estimates in each of the trailing four quarters, which is remarkable.
Shares of FUJHY have gained 26.1% over the past three months to close the last trading session at $11.31.
FUJHY's POWR Ratings reflect bright prospects. The stock has an overall rating of A, which equates to Strong Buy in our proprietary rating system.
FUJHY has an A grade for Value and a B in Quality, Stability, and Growth. It is ranked #3 in the same industry.
In addition to the POWR Ratings highlighted above, one can access FUJHY's ratings for Sentiment and Momentum <a href="https://stocknews.com/stock/FUJHY/">here</a>.
Stock #1: Honda Motor Co., Ltd. (<a href="https://stocknews.com/stock/HMC/">HMC</a>)
Based in Tokyo, Japan, HMC develops, manufactures, and distributes motorcycles, automobiles, power, and other products globally.
On March 15, 2024, HMC signed a memorandum of understanding with Nissan Motor Co., Ltd. (<a href="https://stocknews.com/stock/NSANY/">NSANY</a>), under which the companies will begin a feasibility study of a strategic partnership in the fields of vehicle electrification and intelligence. The scope of the feasibility study includes automotive software platforms, core components related to EVs, and complementary products.
HMC's trailing-12-month EBITDA margin of 13.08% is 19% higher than the industry average of 10.99%, and its trailing-12-month net income margin of 4.84% is 2% higher than the industry average of 4.75%. In addition, the stock's trailing-12-month levered FCF margin of 7.29% is 31.2% higher than the 5.56% industry average.
HMC's sales revenue during the nine months ended December 31, 2023, increased 19.8% year-over-year to ¥15 trillion ($99 billion). Its operating profit rose 46.7% year-over-year to ¥1.08 trillion ($7.13 billion). The company's profit for the period grew 45.9% over the prior year's period to ¥924.69 billion ($6.11 billion).
Analysts expect HMC's revenue to increase 11.3% year-over-year to $36.27 billion for the fiscal fourth quarter ending March 2024. Shares of HMC have surged 44.3% over the past year to close the last trading session at $37.32.
HMC's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which equates to Strong Buy in our proprietary rating system.
HMC has an A grade for Stability and a B in Sentiment, Growth, Value, and Quality. It is ranked first in the same industry.
<a href="https://stocknews.com/stock/HMC/">Click here</a> to access the additional HMC ratings (Momentum).
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
MBGAF shares were trading at $79.85 per share on Thursday morning, up $0.13 (+0.16%). Year-to-date, MBGAF has gained 15.56%, versus a 10.50% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/mbgaf-fujhy-hmc-nsany-top-3-auto-giants-at-the-forefront-of-market-gains/>Top 3 Auto Giants at the Forefront of Market Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 Auto Giants at the Forefront of Market Gains

Eyes on General Motors after Ford downshifts EV plans

EV Company News For The Month Of March 2024

Honda Motors (HMC) has released an update. Honda Motor Co., Ltd. has completed the acquisition of its own shares, a buyback that was previously ann...

Honda Completes Stock Buyback Plan

Honda Motor Co. Is Priced At A Steep Discount To Intrinsic Value

Decelerating EV growth does not mean the sector is losing broad appeal – ARK Invest

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Throughout 2024, the new car market maintained unusual stability despite near-record high prices. Setting price forecasts for automotive models has become a constant challenge for many years as factors like the pandemic and supply chain problems arise. That said, buyers and sellers are constantly watching market shifts, making it imperative for everyone to make decisions.



In 2024, specific new car segments witnessed significant price drops, notably the luxury segment influenced by Tesla&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) competitive pricing. In the United States, Tesla remains in the top 10 luxury brands, but it has witnessed a 7% decrease in price over the last year.



Moreover, the price of non-luxury vehicles <a href="https://caredge.com/guides/new-car-price-trends-in-2024">also saw</a> a slight increase. In February, the average price sat at $45,283, showing a 2% rise from January but a 1% decrease from 2023. Despite stabilizing at record highs, new car prices remain substantially higher, up 30% since 2019.



<h2>Why Analysts Say Car Prices Will Decrease</h2>



In October 2023, the average new car price sat at $47,936. Data showed a 1% decrease from 2022, and prices continuously went down 3.5% since December 2022. Predictions hint at further declines in 2024, yet certainty remains uncertain. An oversupply of 5 million vehicles may prompt price reductions.



GOBankingRates interviewed David Meniane, <a href="https://www.gobankingrates.com/saving-money/car/will-car-prices-drop-in-2024-what-an-auto-expert-predicts/">CEO of CarParts.com,</a> to forecast if the downward trend would persist into 2024.



Meniane noted that the timing of your purchase in 2024 will influence your price. &ldquo;October to January is typically the best time to buy a vehicle, especially during the month of December,&rdquo; he explained. Waiting until year-end may yield substantial discounts.



Additionally, Meniane anticipates notable price drops for SUVs and used sedans due to projected oil price increases in 2024. Competitive pricing from manufacturers may sway consumers towards larger, less fuel-efficient vehicles. Conversely, new EVs and hybrid cars are expected to maintain or increase prices due to growing demand and emphasis on sustainability.



Due to ongoing supply shortages, cars dependent on semiconductor chips could maintain or increase prices. Meniane explained that disruptions in the supply chain have elevated production costs, potentially leading to higher prices for models heavily reliant on electronic components.



<h2>Used Car Prices</h2>



When 2024 started, the used car market also witnessed some decreases. However, the good news is that it did not return to its pre-pandemic levels, too, due to high demand. February&rsquo;s <a href="https://www.carscoops.com/2024/02/wholesale-values-for-used-vehicles-get-closer-to-pre-pandemic-levels-but-supply-remains-tight/">data showed</a> that the first 15 days saw a 13.8% decline in wholesale used car prices. That marked a notable shift in market dynamics compared to the previous year.



All vehicle segments experienced declines, notably luxury cars (13.2%), SUVs (13.5%), compact cars (16.9%), midsize cars (15.9%) and pickups (14.6%), compared to February 2023. Month-to-month, prices dropped across major segments, with compact and midsize vehicles declining by 0.7% and 0.1%, respectively. Pickups and luxury cars saw decreases of 1.7% and 1.1%. Electric vehicles depreciated more annually (16.1%) than monthly (0.3%). Cox Auto reported these trends.



Cox Auto noted tighter wholesale vehicle supply in early February, with inventory levels significantly below pre-pandemic levels. Despite gradual price normalization, new vehicle surpluses suggest increased availability of used cars in the future. Surveys show consumer optimism regarding the automotive market, contrasting concerns about broader inflation.



<h2>What Kelley&rsquo;s Book Says</h2>



In February data from the <a href="https://www.kbb.com/car-advice/when-will-car-prices-drop/">Kelley Blue Book,</a> the average transcription price (ATP) for new cars sits at $47,244, with a 2.2% decline year-over-year. A Cox Automotive analyst Erin Keating also said that affordability remains a challenge for many car buyers.



Despite rising inventory levels benefiting consumers, they are still below optimal levels. In February, manufacturer incentives rose to an average of $2,787, further impacting pricing dynamics.



In February, non-luxury vehicle prices averaged $44,052, reflecting a 2.1% year-over-year decrease. Luxury vehicle prices averaged $61,424, dropping over 6% annually, with luxury vehicles constituting 18% of total sales. Electric vehicle prices averaged $52,314, down 12.8% from the previous year. 



Stephanie Valdez Streaty, director of Industry Insights at Cox Automotive, noted that despite lower prices and increased competition, EVs remain nearly 19% higher priced than mainstream non-luxury vehicles.



<h2>Inventory Updates</h2>



Dealerships gauge their new car inventory through &ldquo;days of inventory,&rdquo; reflecting how long it would take to sell current stock at the present sales rate if production ceased. By March, many brands had inventories 52% higher than a year ago, prompting heavy discounts on surplus vehicles. However, Toyota (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>), Honda (NYSE:<a href="https://investorplace.com/stock-quotes/hmc-stock-quote/">HMC</a>) and Lexus faced inventory shortages, leading to unfulfilled orders.&nbsp;



Despite ample inventory, specific models like the Toyota Grand Highlander, Ford Maverick and Chevrolet Trax remained scarce. The latter is one of the most affordable cars in the U.S. at $21,495.



Cox Automotive&rsquo;s analysis of vAuto&rsquo;s new car dealership management software data revealed that Dodge, Jeep, Chrysler and Ram had inventories at least double the industry average. Conversely, Lincoln and Genesis boasted ample stock. Toyota, Honda, Lexus, Land Rover, Kia and Cadillac faced inventory shortages.&nbsp;



Overall, the auto industry held 76 days&rsquo; worth of vehicles in early March, down from 80 days&rsquo; worth the previous month and 86 days&rsquo; worth pre-pandemic in 2019.



<h2>This Is a Buyer&rsquo;s Market</h2>



Amid the economic disruptions caused by COVID-19, new car prices soared, worrying both buyers and automotive investors. However, a recent shift has made new cars more affordable, benefiting buyers and investors alike. Despite a $10,000 increase in average prices since before the pandemic, recent data shows a nearly $3,000 decrease from peak prices in December 2022.



Rebecca Lindland, <a href="https://www.carscommerce.inc/insights-report/#report">senior director at Cars.com,</a> predicts further improvements for buyers, noting that nearly half aim to spend under $30,000, although only 13% of new cars fall within that range. Low-price availability has increased by 63% compared to the previous year. As dealer inventory and production recover, Lindland anticipates a shift to a buyer&rsquo;s market, offering reassurance for prospective buyers and investors alike.



New-car prices would settle around $46,000, surpassing prepandemic levels by about $8,500. Despite projections of a 3% price decline, there&rsquo;s no anticipation of a drastic crash. Most automakers forecast lower pricing this year yet expect robust profitability, with General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) <a href="https://investor.gm.com/news-releases/news-release-details/gm-releases-2023-fourth-quarter-and-full-year-results-and-2024">targeting</a> a $13 billion operating profit for the year.&nbsp;



Concerns over profit declines have impacted GM stock, trading at 4.8 times estimated 2024 earnings, down from the previous average of around 6 times. While affordability improves, some abnormal aspects persist in the industry&rsquo;s recovery from pandemic-related disruptions.



The scarcity of used-car inventory persists due to fewer leased vehicles returning, stemming from reduced car sales in 2020, 2021 and 2022.&nbsp;



According to Lindland, approximately 10 million cars are currently unavailable, a situation expected to improve over time. The limited supply of used vehicles could lead to more resilient pricing as buyers weigh options between new and used vehicles.



On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/car-price-predictions-2024-proof-the-auto-market-crash-has-begun/">Car Price Predictions 2024: Proof the Auto Market Crash Has Begun!</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Car Price Predictions 2024: Proof the Auto Market Crash Has Begun!

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Inventors looking for auto stocks to buy now know it has not been a good year for car and truck manufacturers. The Dow Jones U.S. Auto Manufacturers Index is down nearly 35% year-to-date (YTD). Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), once the darling of the auto world, has lost 38% of its value in the past six months alone.&nbsp;A combination of higher interest rates and cooling demand for electric vehicles (EVs) has investors wondering when the industry will return to normal.



But if you read Good Car Bad Car&rsquo;s latest automotive data, it looks things were pretty good in the first quarter. Overall, sales in the U.S. have grown by <a href="https://www.goodcarbadcar.net/first-quarter-2024-sales-show-strong-trends-for-the-rest-of-the-year/">4.5%</a> year-over-year (YOY). However, that&rsquo;s where the good and bad news diverge, with imports capturing most of the growth.&nbsp;



&ldquo;We think that any manufacturer offering a strong lineup of PHEV and HEV vehicles, as well as &lsquo;good, cheap, reliable&rsquo; EVs is set to reap the rewards of both the economy&rsquo;s and automotive industry&rsquo;s continued recovery and growth since 2020&rsquo;s shutdowns,&rdquo; Good Car Bad Car stated on April 1.&nbsp;



Based on this assessment, here are three auto stocks to buy for Q2 2024.&nbsp;



<h2>Hyundai Motor Company (HYMTF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/hyundai-hymtf-stock-sign-1600-300x169.jpg" alt="Hyundai (HYMTF) sign for car dealership with blue sky in background, symbolizing HYMTF stock"><div>Source: shutterstock.com/AntonovVitalii</div></div>If there&rsquo;s an auto manufacturer that will check all the boxes in 2024, it would have to be the Hyundai Motor Company (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hymtf-stock-quote/">HYMTF</a>).&nbsp;The company&rsquo;s North American division reported record-breaking March sales of <a href="https://www.prnewswire.com/news-releases/hyundai-motor-america-reports-all-time-record-march-and-q1-2024-sales-302105571.html">76,920</a> units. That&rsquo;s up 2% from a year ago. Vehicles leading the way included its electric IONIQ 5, up 58%, the Tucson PHEV (plug-in hybrid electric vehicle) with 62% growth and the Tucson HEV (hybrid electric vehicle), up 48%.



It was Hyundai&rsquo;s best March ever.&nbsp;&ldquo;We saw the best Q1 total sales results influenced by Palisade, Kona and IONIQ. We&rsquo;re thrilled about the all-new Santa Fe, our successful NY Auto Show where IONIQ 5 N won World Performance Car of the Year and the introduction of the refreshed Tucson and Santa Cruz,&rdquo; stated Randy Parker, CEO of Hyundai Motor America.



If you&rsquo;re a shareholder, the best part about these record sales results is that the company had an excellent year in 2023, selling <a href="https://www.hyundai.news/eu/articles/press-releases/hyundai-motor-announces-2023-q4-business-results.html#:~:text=Fourth%2Dquarter%20revenue%20increased%208.3,profit%20margin%20of%208.2%20percent.">4.22 million</a> vehicles worldwide and generating 15.12 trillion South Korean won (USD $10.9 billion) in operating profits.&nbsp;



<h2>Toyota Motor (TM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/toyota-tm-stock-1600-300x169.jpg" alt="Toyota motor corporation logo on dealership building"><div>Source: josefkubes / Shutterstock.com</div></div>Toyota Motor (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>) has moved slowly into the EV space, which likely benefitted its financial situation. Instead of focusing on fully electric vehicles, the company has opted to focus on hybrids, starting with the Prius in 1997. Not everyone is excited about its conservative stance.&nbsp;



&ldquo;The Prius hybrid runs on a pollution-emitting combustion engine found in any gas-powered car&hellip;Rather than invest in EVs, though, Toyota is putting corporate profits and the status quo over tackling the climate crisis,&rdquo; Fortune <a href="https://fortune.com/2024/02/08/toyota-hybrid-vehicles-carmakers-strategy-electric-vehicles-hype/">reported</a> February comments from Katherine Garcia, director of the Sierra Club&rsquo;s Clean Transportation For All campaign.



As a result of its strategy, Toyota reported nine-month operating income of 4.24 trillion Japanese yen (USD $27.41 billion) through March 31, more than double the previous year, on total global <a href="https://finance.yahoo.com/news/much-longer-tesla-rivian-underperform-130200772.html">vehicle sales of 7.91 million</a>. Of those, 35.9% were electric of some sort, up 810 basis points year over year.&nbsp;



HEVs and PHEVs accounted for 97% of its electric vehicles sold during this period. That&rsquo;s likely to be unchanged for the foreseeable future.



<h2>Ford (F)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_760679017-300x169.png" alt="Ford dealership sign against a blue sky."><div>Source: D K Grove / Shutterstock.com</div></div>I considered going with a third Asian manufacturer, such as Honda Motor (NYSE:<a href="https://investorplace.com/stock-quotes/hmc-stock-quote/">HMC</a>), but opted for one of the &ldquo;Big Three&rdquo; with Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>).&nbsp;Due to weak demand, in January Ford <a href="https://www.bloomberg.com/news/articles/2024-01-19/ford-cuts-production-of-f-150-lightning-electric-truck">cut its workforce</a> that makes the electric versions of its trendy F-150 trucks. That comes after it said in December that it would cut its 2024 F-150 EV production in half, impacting 1,400 workers at its Rouge Electric Vehicle Center, as the plant moves to one shift only.



Auto manufacturers are businesses, not charities. Profits are essential to their livelihood. Ford&rsquo;s management merely allocates resources to get the most bang for its buck.&nbsp;If Toyota can do that, why not Ford?



Ford added a third shift at its Michigan assembly plant, which builds Bronco and Ranger trucks, to meet the demand for traditional gas-powered vehicles.&nbsp;Analysts wonder if CEO Jim Farley is trying to play both sides of the fence, missing out on the low-hanging fruit of gas-powered vehicles.



&ldquo;Though we like CEO Farley&rsquo;s vision and direction for the future of Ford, we believe it could take a number of years for the benefits of those plans to be realized,&rdquo; <a href="https://www.bloomberg.com/news/articles/2024-01-19/ford-cuts-production-of-f-150-lightning-electric-truck">Bloomberg </a>reported comments from UBS analyst Joseph Spak in January.&nbsp;



Farley is doing what he has to in order to keep the profits coming both now and in the future. He&rsquo;s doing the right things for shareholders to make sure Ford stays one of the auto stocks to buy now.



On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-auto-stocks-to-buy-now-q2-edition/">3 Auto Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Auto Stocks to Buy Now: Q2 Edition

ARKQ

AYRO

BAMXF

BATT

BCCMY

BLBD

BLNK

BMCLF

BMWYY

BYDDF

BYMOF

DNFGF

DNFGY

DRIV

ELMSQ

ELMWQ

EVTV

FUJHF

FUJHY

GELYF

GELYY

GOEV

GOEVW

GWLLF

GWLLY

HNDAF

HYLN

IDEX

KARS

KNDI

LAAOF

LCID

MAHMF

MBGAF

MBGYY

MZDAF

NIOIF

NKLA

NSANF

POAHF

POAHY

PSNY

RACE

RIVN

RNSDF

STLA

SZKMF

TOYOF

VFSWW

VLKAF

VLKPF

VWAPY

WKHS

XIACY

XPEV

XPNGF

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DMLRY

Cenntro

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Chijet Motor Co

ECD Automotive Design, Inc. - Common Stock

ECD Automotive Design

Envirotech Vehicles

Ford Motor

General Motors

Canoo

Lucid Gr

Li Auto Inc. - American Depositary Shares

Li Auto

Lotus Technology Inc. - American Depositary Shares

Lotus Technology

Mullen Automotive

NIO Inc. American depositary shares, each representing one Class A ordinary share

NWTN

Phoenix Motor

Polestar Automotive Holding UK Limited - Class A ADS

Polestar Automotive

Polestar Automotive Holding UK Limited - Class C-1 ADS (ADW)

Rivian Automotive, Inc. - Class A Common Stock

Rivian Automotive

Thor Industries

Toyota Motor

Tesla

VinFast Auto

Winnebago Industries

Workhorse Gr

XPeng Inc. American depositary shares, each representing two Class A ordinary shares

XPeng