TOKYO — Major Honda Motor shareholders, including Tokio Marine & Nichido Fire Insurance and MUFG Bank, will unload some 500 billion yen ($3.1 billion) of their stakes this month as they work to unwind cross-held shareholdings, the Japanese automaker announced Thursday. The offering price has not been set. But based on Honda’s closing stock price… Continue reading Japanese insurers, banks to unload $3bn in Honda shares
Tag: Honda
Nissan and Honda weigh tie-up on software and EV charging
TOKYO — Nissan Motor and Honda Motor are considering sharing automotive software in an effort to deploy cutting-edge capabilities more cheaply and quickly. The two Japanese automakers are ironing out details toward jointly developing operating systems and other automotive software, which could help slash related costs. Go to Source
@VW Group: Porsche eager to extend IMSA championship lead008928
The race With this success in the US state of New York, Porsche, the works team and the drivers Nasr and Cameron have extended their position at the top of the championship standings. The Stuttgart sports car manufacturer now also leads all classifications of the IMSA Michelin Endurance Cup. Round six of the IMSA WeatherTech… Continue reading @VW Group: Porsche eager to extend IMSA championship lead008928
Autonomous Vehicles Can Make All Cars More Efficient
Autonomous vehicles have been highly anticipated because of the possibility that they will greatly reduce or perhaps eliminate the collisions that cause more than one million deaths each year. But safety isn’t the only potential benefit self-driving cars can offer: Teams of researchers around the world are showing that autonomous vehicles can also drive more… Continue reading Autonomous Vehicles Can Make All Cars More Efficient
New Vehicle Inventory Slowly Approaching 3 Million, Sales Beginning to Stall
Marketed Discounts Becoming More Aggressive as Supply Growth Outpaces Demand GRAND RAPIDS, Mich., July 3, 2024 /PRNewswire/ — Cloud Theory, the real-time automotive data insights provider for automotive manufacturers, agencies, and affiliates is reporting in July’s On The Horizon report that new vehicle inventory continues to slowly increase, hitting 2.93 million in the current month. New… Continue reading New Vehicle Inventory Slowly Approaching 3 Million, Sales Beginning to Stall
Autocar magazine 3 July: on sale now
This week in Autocar, we detail the V8 supercar you can take anywhere, give our verdict on the new Lotus Emeya and pit the Honda Insight against the Audi A2. News The Land Rover Defender Octa is the most extreme, powerful and capable variant of the firm’s fabled 4×4 – we detail its supercar-style pace,… Continue reading Autocar magazine 3 July: on sale now
MIRASOL EMBARKS UPON A TRANSFORMATIVE $82M RENOVATION
New amenities will enhance and expand leisure activities at the Palm Beach Gardens community. PALM BEACH GARDENS, Fla., July 2, 2024 /PRNewswire/ — The Country Club at Mirasol is proud to announce a multifaceted, multi-year enhancement project that will redefine luxury amenities in residential country clubs. The projects, recently approved by the club’s membership, are part… Continue reading MIRASOL EMBARKS UPON A TRANSFORMATIVE $82M RENOVATION
Major Japanese insurers said ready to offload $3.1b of Honda sharesThe sale is the latest sign that the unwinding of cross-shareholding is gaining pac…
Four of Japan’s top property and casualty insurers and other financial firms plan to sell around 500 billion yen ($3.1 billion) of shares in Honda Motor, three people said, as the unwinding of cross-shareholding practices accelerates. Tokio Marine Holdings, Sompo Holdings and two units of MS&AD Insurance Group will together offload shares in the automaker,… Continue reading Major Japanese insurers said ready to offload $3.1b of Honda sharesThe sale is the latest sign that the unwinding of cross-shareholding is gaining pac…
@Hyundai: Kia America Records Highest First-Half EV Sales in Company History
Second-best first-half sales on record Carnival, Forte, Sportage and Seltos achieve largest first-half sales in history Kia America delivered highest first-half EV sales in company history. Kia also marked the second-best first-half total sales. The brand’s best-selling models through the first half of 2024 were the Sportage SUV and Forte sedan. Kia America sold more… Continue reading @Hyundai: Kia America Records Highest First-Half EV Sales in Company History
KIA AMERICA RECORDS HIGHEST FIRST-HALF EV SALES IN COMPANY HISTORY
Second-best first-half sales on record Carnival, Forte, Sportage and Seltos achieve largest first-half sales in history IRVINE, Calif., July 2, 2024 /PRNewswire/ — Kia America delivered highest first-half EV sales in company history. Kia also marked the second-best first-half total sales. The brand’s best-selling models through the first half of 2024 were the Sportage SUV and… Continue reading KIA AMERICA RECORDS HIGHEST FIRST-HALF EV SALES IN COMPANY HISTORY