Honda Motor Reports 3.2% Increase in U.S. Sales for 2016

Honda Motor Reports 3.2% Increase in U.S. Sales for 2016

American depository shares of Honda Motor Company rose 3% in Wednesday’s afternoon trade after it reported an all-time annual sales record of 1,637,942 Honda and Acura vehicles for 2016, an increase of 3.2% to exceed the company’s previous best set in 2015. For the month of December, total sales rose 6.4% to 160,477 from 150,893 vehicles in the same month last year. The company also said that it set new […]

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Ford Motor’s Ford Fusion, Mercury Milan Vehicles Subject to Investigation By Safety Regulator

Ford Motor’s Ford Fusion, Mercury Milan Vehicles Subject to Investigation By Safety Regulator

Ford Motor Company’s Ford Fusion and Mercury Milan vehicles, model years 2007 through 2009, are being investigated by the The National Highway Traffic Safety Administration after 141 reports of sudden, unexpected increases in stopping distance. The regulator said on its web site that the Office of Defects Investigation has associated three crashes with the condition and that a preliminary evaluation has been opened to assess the scope, frequency and safety-related […]

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Delphi Automotive and MobilEye to Put Automated Driving System to Ultimate Test in Las Vegas Next Year

Delphi Automotive and MobilEye to Put Automated Driving System to Ultimate Test in Las Vegas Next Year

Delphi Automotive and Mobileye will conduct the most complex automated drive ever publicly demonstrated on an urban and highway combined route in Las Vegas in 2017. The 6.3-mile drive will showcase Delphi and Mobileye’s Centralized Sensing Localization and Planning (CSLP) automated driving system, which will be ready for production by 2019, according to a company statement. “CSLP is the first turnkey, fully integrated automated driving solution with an industry-leading perception […]

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New Passenger Car Registrations Rise for Ford, Fiat in November

New Passenger Car Registrations Rise for Ford, Fiat in November

The European Automobile Manufacturers Association Thursday reported that for November, the European Union passenger car market managed to rebound following the slowdown observed in October, with increases seen for brands Ford (F), Toyota (TM), and FCA Group (FCAU) and declines at General Motors’ (GM) Opel and Honda (HMC). According to the report, new registrations grew 5.8% to 1,148,618 units, boosted by all major markets, with Spain, France, and Italy posting […]

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Toyota Motor’s Global Sales Anticipated to Surpass 10 Million This Year

Toyota Motor’s Global Sales Anticipated to Surpass 10 Million This Year

Toyota Motor’s global sales in 2016 are expected to top 10 million for a fourth consecutive year, according to a report from the Nikkei Asian Review. ADRs added less than 1% intraday. The company is expected to raise its 2017 projection above the unofficial figure of roughly 9.4 million it gave to suppliers in the summer, the news report said without saying where it got the information. A new all-time […]

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Alphatec Holdings Names Terry Rich as CEO, Succeeding Interim CEO Leslie Cross

Alphatec Holdings Names Terry Rich as CEO, Succeeding Interim CEO Leslie Cross

Alphatec Holdings said Monday it has appointed Terry Rich as its CEO, effective immediately, replacing Leslie Cross, who held the position on an interim basis since September. The company also named Mortimer Berkowitz as Chairman, also replacing Cross, who will remain on the board. Most recently, Rich served as president of upper extremities at Wright Medical Group. Prior to this he was senior VP of US Commercial Operations at Tornier.

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Honda to Build New $436 Milllion Car Manufacturing Plant in China

Honda to Build New $436 Milllion Car Manufacturing Plant in China

Honda Motor Company said on Thursday that its Dongfeng Honda Automobile joint venture in China will build a third production facility at a cost of 3 billion yuan ($436 million) to meet rising demand in the world’s second biggest economy. The plant, which is designed to accommodate production of electric cars as well, is scheduled to begin making automobiles in the first half of 2019, the company said on its […]

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Integra LifeSciences Says Credit Facility Expanded and Extended to $1.5 Billion

Integra LifeSciences Says Credit Facility Expanded and Extended to $1.5 Billion

Integra LifeSciences Holdings, a medical technology company, increased its credit facility with its bank group led by Bank of America. The changes include an increase in the credit facility from $1.1 billion to $1.5 billion, consisting of a $1 billion revolving line of credit and a term loan of $500 million. It also includes an option to increase the aggregate size of the facility by at least $250 million with […]

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Cempra Shares Jump 5%

Cempra Shares Jump 5%

Cempra, a clinical-stage pharmaceutical company, said Monday that Toyama Chemical Co. Ltd., a subsidiary of Fujifilm, has begun phase 3 clinical trials of solithromycin in Japan for patients with community-acquired bacterial pneumonia and other respiratory infections. Toyama owns exclusive rights to develop and commercialize solithromycin in Japan for respiratory tract infections. Cempra had already received $40 million payment from the licensing deal including a $10 million milestone payment in November […]

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Honda Motor Company Fractionally Lower

Honda Motor Company Fractionally Lower

Honda Motor Company is fractionally lower although Reuters said the auto maker’s sales in China surpassed those of Toyota Motor (TM) in the first 11 months of 2016. To meet rising demand, Honda plans to break ground on Dec. 8 on a factory in central China’s Wuhan, according to a media invitation Honda sent out seen by Reuters. Honda sold roughly 14,500 cars more than Toyota for January to November […]

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