The latest update is out from Honda Motor Company ( (HMC) ).
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Honda Motor Co., Ltd. and Nissan Motor Co., Ltd. have signed a memorandum of understanding to explore a business integration through the establishment of a joint holding company. This strategic move aims to enhance their competitive edge by leveraging synergies in technological development and market presence. By combining management resources and standardizing vehicle platforms, the companies anticipate substantial benefits including cost reduction, enhanced development efficiencies, and improved global competitiveness. The integration is expected to result in significant increases in sales revenue and operating profit, positioning the companies as a leading entity in the global mobility sector.
More about Honda Motor Company
Honda Motor Co., Ltd. is a leading global company in the automotive and mobility industry, known for its production of motorcycles, automobiles, power products, and compact aircraft. Since its inception, Honda has focused on innovative technologies aimed at improving societal issues such as environmental impact and traffic safety, underpinned by its philosophy of ‘Respect for the Individual’ and ‘the Three Joys’. The company prioritizes providing high-quality products at reasonable prices to satisfy global customers.
YTD Price Performance: -22.71%
Average Trading Volume: 1,094,179
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $37.89B
See more data about HMC stock on TipRanks’ Stock Analysis page.
