News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
HMC new 52 hi
HMC new 52 week high
Honda Motor Co Ltd ADR $HMC Is On My Radar
Honda Motor Co Ltd ADR(NYSE:HMC) is a leading Japanese manufacturer of automobiles, motorcycles and power products, including general-purpose engines, generators, water pumps, lawn mowers, riding mowers, grass cutters, brush cutters, tillers and snow blowers. The stock topped out in February 2018 at $37.29 a share. Since that high pivot, the stock has declined. Today, HMC stock is trading around $32.36 a share. Traders should note, HMC stock is trading below it's important 50 and 200-day moving averages. This formation puts the stock in a weak technical position on the charts. Traders must now look lower for major support. The next important support level for HMC stock should be around the $30.50 level. This is a major retrace level and also an area where the stock broke out in October 2017. Often, this level will be defended by the institutional crowd when tested.
Nicholas Santiago
InTheMoneyStocks
Honda overtakes Toyota in parts supplier survey
Honda unseats Toyota as top business partner among parts suppliers; Ford bests GM, Chrysler
Dan Strumpf, AP Auto Writer
On Monday May 25, 2009, 3:23 pm EDT
http://finance.yahoo.com/news/Honda-overtakes-Toyota-in-apf-15340373.html?sec=topStories&pos=main&asset=&ccode=
NEW YORK (AP) -- Honda Motor Co. overtook Toyota Motor Corp. as the top company that auto parts suppliers prefer to do business with, according to an annual survey released Monday.
Toyota has been the No. 1 automaker among the parts suppliers since 2002, but its ratings have fallen steadily over the last two years, according to a study by Planning Perspectives Inc., a Birmingham, Mich.-based company that surveys manufacturing and service industries. Honda's marks declined from last year as well, though not by as much.
Japanese automakers continued to boast the best relations with their suppliers, with Nissan Motor Co. coming in third among the six automakers ranked. Ford Motor Co.'s supplier relations improved dramatically for the second year in a row, coming in fourth, followed by General Motors Corp. then Chrysler LLC.
"While Ford still has a lot of work to do, what they're doing with their suppliers is working," said John W. Henke, president and chief executive of Planning Perspectives, in a written statement.
Suppliers who work with Toyota complained of a younger, less experienced staff at the Japanese automaker's purchasing group, Henke said. It said Ford's improvement was due to its recent decision to transfer its top European purchasing executive to the U.S.
Ford remains the only automaker among the Detroit Three that has not accepted government aid. Crosstown rival Chrysler is in the midst of bankruptcy protection and many of its biggest creditors are parts suppliers waiting to be paid.
GM, meanwhile, is holding out hope for an out-of-court restructuring. If faces a deadline at the end of the month to get its bondholders -- who hold $27 billion in debt -- to take a 10 percent equity stake in the company. If it is unsuccessful, it will likely file for bankruptcy protection.
Automakers rely on parts suppliers to meet quality standards, provide new technology and make investments to fulfill supply contracts. But another bankruptcy is likely to be highly disruptive to the supply base, which is already reeling as automakers cut production and idle their factories to cope with falling sales.
A total of 231 first-tier parts suppliers representing 52 percent of automakers' annual purchases responded to the survey, which was conducted over three weeks in April. The survey ranked the automakers based on degree of trust, open and honest communication, amount of help given to suppliers to reduce costs, and supplier profit opportunities, the company said.
|
Followers
|
10
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
54
|
|
Created
|
03/14/04
|
Type
|
Free
|
| Moderators | |||
How We See Things
| We see the world not as it is, but as it could be. | |
| Honda in America
| 2009 marks Honda's fiftieth year of operations in the U.S. Our success in the global marketplace is the result of our commitment to continued investment in America's future. That's been our philosophy since we opened our doors here in 1959. It's what we believe in. It's what you expect, and it's why we will continue to grow in America. |
Products and Services
| From automobiles to finance, Honda has a wide array of products and services to accommodate your needs. Take a look around and see how our innovative thinking can make your life better. http://corporate.honda.com/products_services/ Locate a Dealer Anywhere in the United States - | |
| | |
The Daily View | The Weekly View | |
AI
