Improving U.S. Economy and Replacement Demand to Benefit Auto Industry
February 22 2013 - 8:00AM
Marketwired
With the economy of the U.S. showing significant signs of
improvement, increased private sector hiring, gains in housing and
automobile markets, and expansion of domestic energy production and
manufacturing are among the macro-trends likely to instill more
confidence in the economy. Improving economy aided by auto
replacement demand will prove to be beneficial to auto giants the
likes of Toyota Motor Corporation (NYSE: TM) and Honda Motor Co.
Ltd. (NYSE: HMC). Toyota is a Japanese company involved in the
designing, manufacturing and selling of automobiles globally and is
amongst the world's top 2 auto manufacturers. Honda is another
Japanese company which is amongst the world's biggest developers
and manufacturers of automobiles, motorcycles and is also involved
into power products business.
Access our free reports on Toyota Motor Corp. and Honda Motor
Co. Ltd. Traders can also connect to our Wall Street Trading Floor
where our research desk and market pros are standing between 8:50
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http://www.ShinesRooms.com/TM022213.pdf
http://www.ShinesRooms.com/HMC022213.pdf
Toyota delivered solid top-line and stellar bottom-line
performance for nine months of 2013. The company reported Net
Income growth of 23.4% to $1.23 billion on revenues of $65.6
billion. For 9 months period ended December 2012, Toyota reported
Net Income growth of 298.8% to $8.10 billion or $2.56 per diluted
share on revenue growth of 26% to $202.8 billion.
For fiscal year 2013, Toyota has forecasted an aggressive Net
Income of $10.62 billion on Net Revenues of $269.13 billion.
Commenting on forecasts for fiscal year 2013, Toyota's Senior
Managing Officer Takahiko Ijichi said, "Given increased overseas
sales mostly in North America, progress in our companywide profit
improvement activities and slight weakening of yen, we have revised
upwardly our consolidated forecast for current fiscal year. We
believe that our efforts have been bearing fruit and that we are
finally on the road to sustainable growth."
Elsewhere, Honda announced that it has newly developed a
technology to join steel and aluminum and applied it to enable
adoption of aluminum for an outer door panel, which has
conventionally been made of steel. Honda will adopt this technology
first to the North American version of the all-new Acura RLX, which
will go on sale in the U.S. in March 2013, and will expand
application sequentially to other models.
The new technology contributes to the improvement of fuel
economy and dynamic performance of the vehicle by reducing door
panel weight by approximately 17% compared to the conventional
all-steel door panel.
Earlier, Honda Motor reported exceptional overall business
growth for nine months of fiscal 2013. For third quarter, Honda
reported Net Income growth of 62.5% to $894 million or $0.50 per
diluted share on Revenues of $28.0 billion. For 9 months period
ended December 2012, Honda reported Net Income growth of 108.3% to
$3.36 billion or $1.87 per diluted share on revenue growth of 28.7%
to $82.37 billion. Dividend of $0.22 per diluted share was also
announced.
For fiscal year 2013, Honda has forecasted an aggressive Net
Income of $4.56 billion or $2.53 per diluted share on Net Revenues
of $120.98 billion.
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