Honda Launches Upgraded Civic - Analyst Blog
December 06 2012 - 9:30AM
Zacks
Honda Motor Co. (HMC) has launched the upgraded
version of Civic at the ongoing Los Angeles Auto Show. The 2013
Honda Civic is set to address the growing demand for
compact-vehicles. With the launch of the upgraded Civic, the
company seeks to strengthen its market leadership and abide by its
motto of providing speed, affordability and low carbon dioxide
emissions to its customers.
The upgraded version of Civic features class-leading standard
features and upgraded design, but maintains the efficiency and
value attached with Civic automobiles. The vehicle is equipped with
Bluetooth Hands Free Link, Bluetooth Audio, rearview camera, color
i-MID display, USB/ iPod connection, Pandora Interface, an SMS text
feature, steering wheel audio controls, exterior temperature gauge
and sliding center-console armrest.
The vehicle is provided with new safety technologies including
Advanced Compatibility Engineering, SmartVent side airbags, side
curtain airbags with a rollover sensor and Forward Collision
Warning (FCW) and Lane Departure Warning (LDW) systems.
The vehicle will be available in LX, EX, EX-L and Si models
together with the Civic Hybrid, Civic Natural Gas and Civic HF
sedans. The starting price of the sedan has been set at
$18,165.
Honda reported a 36.1% rise in its profit to ¥82.23 billion ($1.06
billion) or ¥45.63 (59 cents) per share in the second quarter of
fiscal 2013 from ¥60.43 billion or ¥33.53 per share in the year-ago
quarter. However, the earning per share lagged the Zacks Consensus
Estimate by 33 cents.
Consolidated net sales and other operating revenues climbed 20.4%
year over year to ¥2.27 trillion ($29.27 billion) due to higher
revenues from the company’s Automobile segment with the recovery
from the impact of twin disaster in Japan in 2011, which was partly
offset by unfavorable foreign currency translation.
Honda Motor Company is a leading manufacturer of automobiles and
the largest manufacturer of motorcycles in the world. The automaker
is recognized internationally for its expertise and leadership in
developing and manufacturing a wide variety of products that
incorporate its efficient internal combustion engine technologies
ranging from small general-purpose engines to specialty sports
cars. It is the second largest automaker in Japan, next to
Toyota Motor Corp. (TM).
Currently, Honda retains a Zacks #4 Rank, which translates into a
short-term Sell rating.
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