Latest Honda Motor Co Ltd News

FILE -In this Jan. 30, 2020 file photo, a photographer captures images of the General Motors-Honda Next Generation Fuel Cell after a news conference in Detroit. On Thursday, Sept. 3, General Motors and Honda say they have signed a deal to explore sharing vehicle underpinnings and propulsion systems in North America. The companies say planning discussions on jointly designed vehicles will start immediately and include vehicles powered by both electricity and internal combustion engines. (AP Photo/Paul Sancya)

Honda, General Motors sign deal to work on vehicles together

Sep. 3, 2020 1:47 PM EDT

DETROIT (AP) — General Motors and Honda are moving toward an alliance in North America to share vehicle development and technology costs as the industry moves toward electric and autonomous vehicles. The nonbinding memorandum of understanding was announced Thursday, and the companies say they plan to share...

FILE - In this Jan. 30, 2020, file photo, a visitor stands by the logo of Toyota Motor Corp. at its showroom in Tokyo. Toyota’s April-June profit plunged 74% as the coronavirus pandemic crushed vehicle sales to about half of what the top Japanese automaker sold the previous year, reported Thursday, Aug. 6, 2020. (AP Photo/Eugene Hoshiko, File)

Toyota's profit plunges as pandemic halves vehicle sales

Aug. 6, 2020 2:32 AM EDT

TOKYO (AP) — Toyota’s profit plunged 74% in the last quarter as the coronavirus pandemic sank vehicle sales to about half of what the top Japanese automaker sold the previous year. Toyota Motor Corp. reported on Thursday a profit of 158.8 billion yen ($1.5 billion) in April-June, down from 619...

FILE - In this July 31, 2019, file photo, people walk past a Honda car on display at Honda Motor Co. headquarters in Tokyo. Japanese automaker Honda reported Wednesday, Aug. 5, 2020, it sank into the red for the April-June quarter, as its sales plunged over the coronavirus pandemic, especially in the U.S., Japan and India. (AP Photo/Koji Sasahara, File)

Japan's Honda reports loss in April-June as virus hits sales

Aug. 5, 2020 4:30 AM EDT

TOKYO (AP) — Japanese automaker Honda reported Wednesday that it sank into the red for the April-June quarter, as its sales plunged due to the coronavirus pandemic, especially in the U.S., Japan and India. Honda Motor Co. racked up an 80.8 billion yen ($765 million) fiscal first quarter loss, a reversal...

A stock trader, left, adjusts his mask as he enters the New York Stock Exchange, Thursday, July 30, 2020.  Strong gains for Big Tech stocks are helping to prop up Wall Street in early Friday trading following blowout profit reports from some of the market’s most influential companies.  (AP Photo/Mark Lennihan)

Tech giants lead gains as S&P 500 closes 4th winning month

Jul. 31, 2020 5:22 PM EDT

NEW YORK (AP) — Big Tech continues to steamroll through the pandemic, and strong gains for some of the market’s most influential companies on Friday helped Wall Street close out its fourth straight winning month. The S&P 500 rose 24.90 points, or 0.8%, to 3,271.12 following blowout profit...

A man lifts his arm as he walks by the New York Stock Exchange, Thursday, July 30, 2020. Stocks are falling on Wall Street Thursday after reports showed that layoffs are continuing at a stubborn pace and that the U.S. economy contracted at a nearly 33% annual rate in the spring. (AP Photo/Mark Lennihan)

Asian benchmarks tumble, looking to earnings, central banks

Jul. 31, 2020 12:16 AM EDT

TOKYO (AP) — Asian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record. Earnings reports, a gauge of how well businesses are managing the fallout from the...