Honda Motor Company Ltd. (HMC - Free Report) has launched its 10th Generation Honda Accord model on Jul 14 through YouTube Livestream. The 2018 Accord model consists of a light and firm body construction, a developed chassis design and high-torque turbocharged engines.
The 10th Generation Honda Accord sedan comprises various other features, including Honda’s two-motor hybrid technology, along with the driver-assistant one. (Read more: Honda to Launch 10th Generation Accord Model in 2017)
Previously in May 2017, the company launched its first five-door Civic hatchback in the U.S. While in Mar 2017, Clarity Electric, Clarity Plug-in Hybrid as well as the Civic Type R and Civic Si were unveiled. Such a wide product line-up should help boost the company’s sales.
The company currently focuses on product introductions as well as expanding its business in Asia to attract more customers. In Apr 2017, the company announced that it will launch an all-electric battery car in China by the end of 2018, due to rising demand.
Prior to that in Dec 2016, Dongfeng Honda Automobile Co., Ltd., one of Honda’s joint ventures in China, announced that it will invest 3 billion RMB ($435.4 million) to construct its third automobile manufacturing plant with an annual production capacity of 120,000 units. The plant will begin operations from the first half of 2019.
Honda’s shares have slightly outperformed the Zacks categorized Automotive-Foreign industry in the last year. The stock has edged past the industry’s 3.4% increase with a gain of 3.8%.
Zacks Rank & Stocks Pick
Honda currently carries a Zacks Rank #3 (Hold).
Honda Motor Company, Ltd. Price and Consensus
Few better-ranked companies in the auto space are Daimler AG (DDAIF - Free Report) , Peugeot SA (PUGOY - Free Report) and Volkswagen AG (VLKAY - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Daimler has expected long-term growth of 2.8%.
Peugeot has expected long-term growth of 12.3%.
Volkswagen has expected long-term growth of 17.5%.
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