Honda’s US Sales Grew in October in Spite of the March Tsunami
Honda Motor Co. (NYSE:HMC) announced that its sales for October grew, in spite of widespread manufacturing problems that resulted from the earthquake and tsunami in March that devastated Japan. The company has stated that it has lost around 200,000 planned deliveries of cars and trucks in the United States since March. However, the company has also stated that it expects to make up more than half of those deliveries before the year is over.
Analysts had expected it to take Honda longer to fully recover from the combined effects of the earthquake and tsunami.
Following is some information on the company’s stock price performance, along with that of some of its competitors.
- Honda Motor Co. (NYSE:HMC): The shares recently traded at $29.72, down $2.83, or 8.69%, on the day. The shares have traded in a 52-week range of $28.04 to $44.56 and ts market capitalization is $53.56 billion. About the company: Honda Motor Co., Ltd., develops, manufactures, and distributes motorcycles, automobiles, and power products such as generators and farm machinery. The Company also operates a financial credit business. Honda Motor has manufacturing facilities in the US, Canada, the UK, France, Italy, Spain, Brazil, Mexico, India, and Thailand.
- Ford Motor Co. (NYSE:F): The shares recently traded at $11.81, down $0.19, or 1.58%, on the day. The shares have traded in a 52-week range of $9.05 to $18.97 and its market capitalization is $44.88 billion. About the company: Ford Motor Company designs, manufactures, and services cars and trucks. The Company also provides vehicle-related financing, leasing, and insurance through its subsidiary.
- General Motors Co. (NYSE:GM): The shares recently traded at $25.88, down $0.57, or 2.12%, on the day. The shares have traded in a 52-week range of $19.05 to $39.48 and its market capitalization is $40.42 billion. About the company: General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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