HMC Stock Price

Honda to Invest $30M in Ohio Facilities to Boost Production

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Honda Motor Stock Price Today

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What can we expect from the Fed during the year? The pressing question is how many rate hikes will we see in The current Fed projection remains at three hikes, but the superb nonfarm payrolls report last week has raised speculation that the Fed could accelerate the pace to four hikes, which would be good news for the US dollar. Investors will be keeping a close eye on key US data, especially inflation indicators. This article is for general information purposes only.

It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds. Sign in Open an account. March 15, Share Print 0. This investment is in sync with the company's strategy to ramp up the production of its electric vehicles.

Notably, this Japanese auto giant just began the production of its new Honda Insight hybrid model at its Greensburg, IN facility. This facility is engaged in the production of Insight's twin electric-motor unit, which is an important part of the vehicle's powertrain. Additionally, the company is spending smaller amounts at its Marysville facility and Anna, OH engine plant. The investment is in line with Honda's Electrification Initiative. In the coming days, the company aims to introduce electrified powertrains in all of its core models.

Over the past six months, shares of Honda have underperformed the industry it belongs to. During this time frame, shares of the company have risen 3. You can see the complete list of today's Zacks 1 Rank stocks here. Oshkosh has an expected long-term growth rate of Shares of the company have risen Ferrari has an expected long-term growth rate of Over the past year, shares of the company have gained This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it.

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That facility is responsible for production of the Insight's twin electric motor unit, a key component of the car's powertrain. If you disagree, you may change your browser settings at any time.

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