With the company flush with profits, it plans to buy back 3.7% of its shares, spending 300 billion yen ($1.92 billion) in the process, the most it's ever doled out on share repurchases. It's always a good sign when an auto company buys back stock, generally meaning that its shares are so cheap it can't say no to buying its shares. In the case of Honda, its shares have gained just 30% over the past five years despite generating significant profits. Here are three other auto stocks buying back stock to expres ...

Core Insights - The article highlights the remarkable turnaround of Ontario's automotive industry, transitioning from a decline in the 2010s to a resurgence driven by significant investments in electric vehicles (EVs) [1][4][16] Investment and Economic Impact - Honda announced a $15 billion investment in Ontario for the production of next-generation EVs, marking the largest foreign direct investment in Canada [3] - Since 2020, over $50 billion has been invested in Canada's auto sector, solidifying Ontario's position as a hub for major auto manufacturers transitioning to EVs [4][10] - The Ontario and federal governments have provided over $30 billion in subsidies and tax breaks to support this transition, aligning with the U.S. Inflation Reduction Act [11] Transition to Electric Vehicles - The shift from internal combustion engines to electrification is a key focus, with Ontario becoming a leader in this transformation [5][16] - Major investments include Stellantis' $5 billion battery plant and Volkswagen's $7 billion facility, showcasing the rapid development of EV infrastructure [9][10] - Governments have mandated that 100% of new light vehicle sales will be zero-emission by 2035, with the industry committing over $400 billion to meet this goal [8] Industry Dynamics - The automotive sector is experiencing a significant shift, with both established automakers and startups benefiting from government support to facilitate the EV transition [7] - The successful establishment of a local supply chain for EV production is exemplified by initiatives like Project Arrow, which showcases Canadian manufacturing capabilities [13] Challenges and Skepticism - Despite the positive developments, there are concerns regarding the availability of rare minerals for battery production and competition from Chinese manufacturers [14] - Skepticism exists about the electrical grid's capacity to support widespread EV adoption and the overall environmental benefits of EVs [15]

KEY TAKEAWAYS Japan's carmakers have long produced hybrid vehicles but are increasingly amping up their EV production, even as companies are scaling back their EV expansion plans amid soaring costs and slowing demand. Chinese EV firms have also been launching cheaper models and dominating their domestic market. Honda 'Confident That the EV Shift Will Continue to Proceed Steadily' Honda and domestic rival Nissan said they were exploring an EV partnership in March. Honda said Thursday that it believes that EV ...

Layoffs and Restructuring - Honda is implementing voluntary layoffs at its joint venture GAC Honda Automobile, affecting 1,400 employees or 14% of the workforce [1] - The layoffs are part of a cost-cutting strategy to facilitate continued operations in China [3] Market Challenges - Honda faces increasing competition and declining sales in China, with 2024 vehicle sales expected to drop by 13% to 1.06 million units [2] - Japanese automotive brands, including Honda, are struggling to compete with the rising popularity of Chinese domestic automobile companies [2] Strategic Shift - Honda plans to focus more on producing electric vehicles (EVs) in China, aligning with the growing popularity of EVs in the market [3] - The company is not exiting the Chinese market but is restructuring to adapt to the competitive landscape [3] Stock Performance - Honda's stock (HMC) saw a 1% increase on Wednesday morning following the announcement of layoffs and strategic changes [3]

Honda (HMC) reported earnings of 99 cents per share for fourth-quarter fiscal 2024, surpassing the Zacks Consensus Estimate of 44 cents. The bottom line also grew from the year-ago profit of 51 cents per share. Quarterly revenues totaled $36.5 billion, missing the Zacks Consensus Estimate of $37.9 billion. The top line, however, increased from $33.1 billion recorded in the year-ago period. Segmental Highlights Financials Consolidated cash and cash equivalents were ¥4.95 trillion ($32.73 billion) as of Mar 3 ...

"聪明钱" 隐身了 不赌电动车，日本三大车企利润新高 被追逐的公用事业公司 关注《晚点财经》并设为星标，第一时间获取每日商业精华。 "聪明钱" 隐身了 对于一些每天都要交易那么几次的股市投机者来说，一个曾经重要的信号被藏起了。 5 月 13 日起，港交所不再披露北上资金实时成交额和实时可用余额。余额低于 30% 时实时公布可用 余额、否则显示 "可用"。当时成交额会在收盘后公布。 十年前，沪港通（全称 "沪港股票市场交易互联互通机制"）开通。那两年后，深港通启动。"通" 就 像 "通道"，意味着在不打破中国资本管制的情况下，外资能投资中国的东西了、中国的资本也可以 买港股了。 通过沪港通和深港通流入中国内地股市的资金叫做 "北上资金"，它一度被称为 "聪明钱" —— 因为港 资和其他外资市场的成熟度往往高于 A 股市场，交易员认为北上资金对市场有一定领先性，散户、 机构资金也会跟踪北向动向 —— 跟踪的方式是观测北上资金的实时交易、余额和持仓。 这些资金包括欧美资金、港资，以及中资机构的境外资金。这一机制让资金更方便地投资 A 股，不 需要像 QFII （合格境外投资者）一样是金融机构或者持有数百万人民币的个 ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Honda has made big outlays as it aggressively pursues an ambitious target of acheiving 100 percent electric vehicle sales. Japanese auto giant Honda on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year. The company said net profit for the ye ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Today, on 10 May 2024, Honda Motor Co., Ltd. reported its earnings for the first quarter of FY24.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Honda’s operating profit for this quarter reached an all-time high of 1 trillion 381.9 billion yen and the operating profit margin was 6.8%. Honda Group’s net sales and profitsCopy link to sectionHonda’s motorcycle business sales incre ...

Honda Motor Co., Ltd. (HMC) is slated to release fourth-quarter fiscal 2024 results on May 10. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 44 cents per share and $37.96 billion, respectively.For the fiscal fourth quarter, the consensus estimate for HMC’s earnings per share has moved down by 13 cents in the past 90 days. Its bottom-line estimates imply a decline of 13.73% from the year-ago reported number.The Zacks Consensus Estimate for revenues suggests ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...