U.S. markets open in 8 hours 17 minutes

  • S&P Futures

    4,691.75
    +5.50 (+0.12%)
     

  • Dow Futures

    35,874.00
    +7.00 (+0.02%)
     

  • Nasdaq Futures

    16,345.00
    +33.50 (+0.21%)
     

  • Russell 2000 Futures

    2,376.50
    +2.30 (+0.10%)
     

  • Crude Oil

    77.76
    -0.60 (-0.77%)
     

  • Gold

    1,868.60
    -1.60 (-0.09%)
     

  • Silver

    25.10
    -0.06 (-0.25%)
     

  • EUR/USD

    1.1324
    0.0000 (-0.00%)
     

  • 10-Yr Bond

    1.6040
    0.0000 (0.00%)
     

  • Vix

    17.11
    +0.74 (+4.52%)
     

  • GBP/USD

    1.3492
    -0.0001 (-0.00%)
     

  • USD/JPY

    114.1800
    +0.0400 (+0.04%)
     

  • BTC-USD

    59,682.16
    +182.56 (+0.31%)
     

  • CMC Crypto 200

    1,465.53
    -13.12 (-0.89%)
     

  • FTSE 100

    7,291.20
    -35.77 (-0.49%)
     

  • Nikkei 225

    29,639.94
    -48.39 (-0.16%)
     

Honda's Japan car output to return to normal capacity in December

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
Workers assemble cars at Honda Motor's Saitama factory in Sayama
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

TOKYO (Reuters) - Honda Motor Co said on Thursday its Japanese car factories will return to normal operations in December, after working at around 90% capacity this month due to a shortage of chips and supply disruptions from COVID-19 lockdowns overseas.

The two domestic production sites will return to normal capacity in the first half of December, Honda said in a statement.

Earlier this month, the maker of the Fit and CR-V models cut its full-year profit forecast for the second time, citing production delays and rising materials costs.

Top Japanese automaker Toyota Motor Corp had also said last week it would start making up for lost production in December, with factories at home returning to normal for the first time in seven months.

(Reporting by Chang-Ran Kim; editing by Uttaresh.V)

Recommended Stories

  • China Releasing Some Oil  From Strategic Reserves After U.S. Invite

    (Bloomberg) -- China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale.Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationElizabeth Holmes Faces Last-Ditch Chance to Testify at TrialChronically Underfunded HBCUs Eye Scholarships in Biden Bill“The bureau is carrying out crude oil release work at the moment,” said a spokeswoman at the National Food and Strategic Reserves Administration via phone. It’s

  • India cenbank may launch digital currency pilot next year: report

    The Reserve Bank of India's digital currency may see its pilot launch in the first quarter of the next fiscal year, a senior central bank officer said at the State Bank of India's Banking and Economic Conclave as reported by a local newspaper. Central bank digital currencies, or (CBDCs) are digital or virtual currencies are basically the digital version of fiat currencies, for India that would be its domestic currency rupee. Previously, the central bank governor had said a soft launch of the CBDC could be expected by December but there has been no official timeline committed to by the RBI.

  • BofA Downgrades Sea After Rally: What You Need To Know

    Sea Ltd’s (NYSE: SE) stock has appreciated 67% year-to-date versus the Nasdaq’s 23% gain, and the risk-reward seems balanced, according to BofA Securities. The Sea Analyst: Sachin Salgaonkar downgraded the rating for Sea from Buy to Neutral, while raising the price target from $380 to $385. The Sea Thesis: Growth in gaming is likely to slow on a potential normalization post-COVID in 2022, Salgaonkar said in the downgrade note. “Mgmt kept gaming guidance unchanged, implying slowing 4Q growth as w

  • Dollar pauses for breath, hovers below 16-month top

    The dollar hovered below a 16-month peak in Asian trade on Thursday, losing ground on the New Zealand dollar, after having fallen against the pound and yen overnight as traders assessed whether the U.S. currency's recent surge was starting to stall. On Thursday, the New Zealand dollar jumped 0.38% to $0.7023 after a central bank survey showed near-term inflation is expected to rise in the fourth quarter.

  • Toyota Debuts bZ4X All-Electric Vehicle

    Toyota (NYSE: TM) has unveiled the U.S. production model for its all-electric bZ4X. What Happened: The new SUV is the first in the company’s series of battery-electric vehicles that will offered under the global "Toyota bZ" brand umbrella. U.S. dealers are scheduled to receive the bZ4X by mid-2022. According to the company, the bZ4X carries an estimated range of up to 250 miles per charge for XLE front-wheel drive models. It will also be the company’s first vehicle to feature the latest Toyota S

  • U.S. House, Senate will negotiate on China tech bill

    WASHINGTON (Reuters) -U.S. House and Senate leaders said on Wednesday that lawmakers would negotiate to try to reach final agreement on a bill to boost U.S. technology competitiveness with China and semiconductor manufacturing. Senate Democratic Majority Leader Chuck Schumer had sought to attach the bill to a $750 billion annual defense policy proposal.

  • Australian investor groups voice concerns over Aboriginal heritage protection law

    New Western Australian legislation to better protect Aboriginal heritage fell short of international standards, an investor body said on Thursday, after the proposed changes came under fire from Indigenous groups. The resource-rich state on Wednesday unveiled a long-awaited bill aimed at protecting Indigenous heritage, but drew a backlash from Aboriginal groups because a government minister will keep the final say over development decisions. Indigenous heritage protection has become a hot button issue since miner Rio Tinto legally destroyed culturally significant rock shelters for an iron ore mine 18 months ago, sparking public outrage.

  • Should The Oil Market Be Worried About Skyrocketing EV Sales?

    Electric vehicle sales have broken records this year, and as adoption accelerates, the oil market could be in for a reality check

  • These Are The 6 Best EV Stocks To Buy And Watch Now

    EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric vehicle makers.

  • Are Tesla, GM Customers Making The Switch To Ford F-150 Lightning?

    One of the most anticipated electric vehicle launches in years is coming with the electric pickup Ford F-150 Lightning from Ford Motor Co (NYSE: F). A dive into reservations shows where the company’s future customers are coming from. What Happened: A forum called Lightning Owners tracks the pre-orders for the Ford F-150 Lightning. Trends tracked include which colors are being ordered and what extra options are being added to the vehicles. The survey results show that Antimatter Blue is the most

  • Is Nio Stock A Buy As A Catalyst Looms For The Tesla Of China?

    Nio stock is trying to recover after a sharp sell-off. Here's what the stock chart, Nio earnings say about buying the EV stock now.

  • How BMW plans to corner the US scooter market with its all-electric CE 04

    After years of decline, motorcycle and scooter sales have bounced back. The two-wheel retro-futuristic bike, which was showcased in Los Angeles this week at an event ahead of the LA Auto Show, will be riding a wave of two-wheeled renaissance, which could help usher in larger acceptance of electric scooters. BMW Motorrad of America's vice president Trudy Hardy believes that the two-wheeled EV could come into its own as more than just a cool-looking bike.

  • Electric SUVs debut at LA Auto Show: Nissan, Hyundai, Fisker show off EVs

    Hyundai, Nissan, Subaru, Fisker and VinFast are among the automakers debuting electric SUVS at the 2021 Los Angeles Auto Show.

  • GM and Ford Need to Spin Off Their EV Businesses If They Want to Catch Tesla. Here’s Why They Won’t.

    Data Trek Research's Nick Cola has a provocative idea for how traditional auto makers can unlock more value: Spinning out their EV businesses as soon as possible.

  • Rivian Eyes Major Expansion Projects On Heels Of Monster IPO

    Rivian plans to build a battery factory after monster IPO provides cash infusion. Rivian stock has soared 67% so far this week.

  • New Range Rover makes its U.S. debut at LA Auto Show

    Jaguar Land Rover Executive Director of Vehicle Programs, Nick Collins joins Yahoo Finance's Pras Subramanian as the company shows off its new Range Rover at the LA Auto Show. Nick also discusses how Jaguar Land Rover is battling the global chip shortage.

  • Subaru's first all-electric vehicle makes its American debut

    Subaru pulled the cover off its first all-electric crossover for the second time in November. This time, the 2023 Subaru Solterra electric crossover — the Toyota bZ4X doppelgänger — made its U.S. debut at the Los Angeles Auto Show. The first all-electric subcompact crossover is a joint project, like the Subaru BR-Z and the Toyota 86 (formerly the Scion FR-S) was before it, and the crossover is a close sibling, almost twin-like, to the Toyota bZ4X crossover that was announced in April.

  • Colorado electric vehicle maker plots new approach to supply chain issues

    “Supply chain issues continue to serve as obstacles to our business,” the newly public company's CEO said.

  • 2023 Kia Sportage Gains Bold Looks and a Hybrid Powertrain

    Kia has borrowed the electrified setup from the closely related Hyundai Tucson Hybrid for the latest generation of its compact crossover.

  • Biden promotes EVs with tire-screeching Hummer test drive in Detroit

    U.S. President Joe Biden climbed behind the wheel of an electric Hummer SUV on Wednesday and sped off with a screeching of tires, in a test drive to tout billions of dollars in electric vehicle investment. "Anyone want to jump in the back, or on the roof?" Biden asked reporters after taking a few laps at a General Motors plant. The test drive, at a General Motors Co electric vehicle assembly plant in Detroit, the largest city in Michigan, was part of a nationwide White House tour promoting the $1 trillion infrastructure bill Biden, a Democrat, signed into law on Monday.