最新ニュース Honda Motor Co (NYSE:HMC) 株価情報

Honda Motor Co

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 22.9 million light vehicles and motorcycles in fiscal 2024 (4.1 million of which were autos), and consolidated sales were JPY 20.4 trillion. Automobiles constitute 66% of revenue and motorcycles 16%, with the rest split between power products and financial services. Honda also makes robots and private jets.

Honda Motor Co Ltd

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EV companies are trading lower after Donald Trump won the 2024 presidential election. Investors may be weighing future policy-making decisions that would have an impact on the industry.

Honda Motor Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) shares are trading lower on Wednesday following a decline in the first-half profit and reduced <a href="https://global.honda/en/investors/library/documents/main/00/teaserItems3/00/linkList/00/link/FYE202503_2Q_financial_presentation_e_1.pdf" target="_blank" rel="noreferrer noopener">annual </a>profit forecast.
The company reported the first half of FY24 revenue growth of 12.4% year over year 10.798 trillion yen ($69.9 billion), while profits declined 19.7% to 494.6 billion Yen ($3.20 billion).
Automobile consolidated unit sales rose by 64,000 units, driven by strong ICE/HEV sales and the full-scale launch of <a target="_blank" href="https://global.honda/en/investors/library/documents/main/00/teaserItems3/00/linkList/03/link/FYE202503_2Q_financial_presentation_script_e.pdf" rel="noreferrer noopener">EVs </a>in North America.
However, group unit sales fell by 155,000 units, primarily due to lower sales in China.
In the motorcycle business, global sales remained robust, reaching a cumulative total of 10 million units by the end of the second quarter.
Operating profit rose 6.6% to 742.6 billion yen, with a margin of 6.9% (vs<a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">. 7.2% in the first half of FY23)</a>.
Additionally, a resolution was made at the company&#8217;s board meeting to repurchase company shares, up to 100 billion yen.
Outlook: For FY25, the company reduced profit for the year attributable to owners of the parent by 50 billion yen to 950 billion yen due to lower equity method profit from reduced sales in China and decreased profit in <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Honda&#8217;s affiliates in Japan</a>.
On the other hand, the company raised the sales revenue forecast by 700 billion yen to 21.000 trillion yen.
Meanwhile, Honda reiterated its FY25 operating profit forecast at 1.420 trillion yen.
Price Action: HMC shares are down 9.72% at $27.36 at the last check Wednesday.
Image via Shutterstock
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Honda Reports 19.7% Profit Decline in H1, Lowers Annual Profit Forecast Amid China Sales Slump

U.S. stock futures were higher this morning, with the Dow futures gaining around 400 points on Wednesday.
Shares of Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue <a href="https://www.benzinga.com/general/biotech/24/11/41760212/exact-sciences-stock-plummets-after-worse-than-expected-q3-results-fy24-guidance-below-estimates">guidance below estimates</a>.
Exact Sciences reported quarterly GAAP losses of 21 cents per share, which missed the analyst consensus estimate for losses of 20 cents. Quarterly sales of $709 million missed the consensus estimate of $717.66 million.
Exact Sciences shares dipped 27% to $52.20 in the pre-market trading session.
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<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) fell 24.3% to $20.97 in pre-market trading after the company lowered its financial outlook. The company expects to report first-quarter revenue of $5.9 billion to $6 billion, down from its previous guidance range of $6 billion to $7 billion. The company anticipates adjusted earnings of 75 cents to 76 cents per share, versus its previous guidance of 67 cents to 83 cents per share.</li>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) fell 20.8% to $1.86 in today's pre-market trading.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) fell 20.1% to $5.64 in pre-market trading after gaining 8% on Tuesday.</li>
<li>PACS Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>) shares fell 18.8% to $24.00 in pre-market trading after the company announced postponement of third-quarter results and disclosure on civil investigative demands from the federal government.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) fell 18.6% to $13.76 in pre-market trading after gaining 5% on Tuesday.</li>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) declined 16.8% to $3.81 in pre-market trading following weak quarterly results.</li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) shares fell 16.8% to $15.25 in pre-market trading.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) shares fell 14.7% to $184.00 in pre-market trading.</li>
<li>The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) declined 9.9% to $13.97 in pre-market trading.</li>
<li>Honda Motor Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) shares fell 7.4% to $28.05 in pre-market trading as the company said profits fell around 20% in the first half of the fiscal year.</li>
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Exact Sciences Posts Downbeat Results, Joins Super Micro Computer, Honda Motor And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Honda Motor 1H Total Operating Profit 742.6 bil. yen, Operating Margin 6.9%

Japanese automaker Honda Motor&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) 2025 Ridgeline AWD pickup truck is the most American-made truck with 75% of its content sourced from either the U.S. or Canada, according to data shared by U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA.)
What Happened: Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck in comparison, has only 65% of its contents sourced from the two countries.
Tesla&#8217;s 2025 model year Model 3 Long Range vehicle is the most American vehicle in the U.S., with 75% of its content sourced from either the U.S. or Canada.
The Model Y, and Model 3 Performance, meanwhile, have only 70% content sourced from the two countries.
Other EV pickup trucks lag further behind, with both the gas and electric versions of the Ford F-150 having less than 50% of its contents sourced from either the U.S. or Canada. 
Why It Matters: Manufacturing within the U.S. and sourcing components within North America makes EVs eligible for a $7,500 tax credit under the Inflation Reduction Act aimed at promoting domestic clean energy manufacturing.
The tax credit takes the purchase price down for eligible customers, spurring EV adoption. EVs, otherwise, are priced higher than gas vehicles on average. 
All variants of Tesla&#8217;s Model 3 and Model Y are currently eligible for a <a href="https://www.benzinga.com/news/24/07/39743027/tesla-unveils-new-model-3-variant-with-longer-range-eligible-for-7-500-tax-credit">tax credit </a>of $7,500, and the two occupied the two top spots for best-selling EVs in the country in the third quarter, according to <a href="https://www.benzinga.com/news/24/10/41353805/elon-musks-tesla-dominates-us-ev-market-with-3-of-top-5-best-selling-models-in-q3">data from automotive research company</a> Kelley Blue Book. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Photo courtesy: Honda

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Honda's Pickup Beats Tesla Cybertruck As Most American Made Truck

<a href="https://hondanews.com/en-US/honda-corporate/releases/release-17db0ac392e05757a316a011940de132-american-honda-maintains-sales-momentum-with-strong-october-results" title="https://hondanews.com/en-US/honda-corporate/releases/release-17db0ac392e05757a316a011940de132-american-honda-maintains-sales-momentum-with-strong-october-results">https://hondanews.com/en-US/honda-corporate/releases/release-17db0ac392e05757a316a011940de132-american-honda-maintains-sales-momentum-with-strong-october-results</a>

American Honda Sales Up 32.6% In October (108,088 Units), Despite Supply Constraints For Some Models; Honda Brand Sales Up 33.9% To Nearly 97,000 In October With Balanced Sales Of Passenger Cars And Light Trucks; Record Honda Electrified Sales Represent One-Quarter Of Total Honda Sales In 2023

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With all eyes on Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and its third quarter earnings that are scheduled for release after the bell, General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) made quite an earnings appearance this week, smashing estimates and hiking its earnings guidance for the third time this year, fueled by the strength of trucks and crossovers in the U.S. market.
The unquestioned king of pickup trucks Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) is due to report it result on October 28th. But while General Motors continued to expand its EV lineup, Ford has been turning to hybrids to deal with mounting EV losses.
The last but not least of the Big Three in the U.S., Stellantis (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>), might have started with layoffs earlier in October, which are part of its broader cost cuts, but this week, it revealed its plans to launch an EV fleet with game changing technology.&nbsp;
Everyone is adapting differently to the evolving automotive landscape.
Stellantis to launch EV fleet fitted with factorial solid-state batteries
By 2026, Stellantis will be launching a demonstration fleet of EVs fitted with solid-state batteries from U.S. startup Factorial. This battery technology reduces fire risk and enables automakers to make lighter and lower-cost EVs while improving their range on a single charge.&nbsp;By integrating Factorial&#39;s innovative battery solution into the STLA Large platform, Stellantis is validating its potential to enhance its EV lineup, improving the experience for its EV buyers. Batteries will be fitted in a fleet of all-new Dodge Charger Daytona vehicles, with the STLA Large platforms also supporting large-sized models of other group brands, such as Jeep, Chrysler, Alfa Romeo and Maserati.&nbsp;
Meanwhile, Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>) continues to enhance the pickup experience with its innovative tonneau covers.
Established as an innovative&nbsp;U.S.-based manufacturer of hybrid and clean energy solutions for light trucks, Worksport&nbsp;just announced a targeted market release of its highly anticipated&nbsp;AL4 Premium Tonneau Cover has been scheduled for December 15th,&nbsp;with manufacturing of production-ready samples for testing and customer evaluation already in motion. With this launch, Worksports expects to further&nbsp;boost sales channels,&nbsp;improve profit margins, and enhance brand penetration considering that this is the&nbsp;highest-volume category of all hard tonneau covers in the&nbsp;$4 billion&nbsp;market. The initial offering will cover Ford Motor, Ram under the Stellantis umbrella and General Motors with Chevrolet and GMC brands, while the R&amp;D team works on developing variations to suit Toyota Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>), Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>), and Honda Motor Co Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>).
Worksport already disrupted the market with its solar-power duo: the tonneau cover SOLIS and the&nbsp;portable battery system COR that are currently in the Alpha release phase.&nbsp;These portable&nbsp;nano-grid systems&nbsp;are set to revolutionize off-grid power solutions, bringing the pickup experience to a whole new level. In September, Worksport reported successful lab results of level 1 Tesla charging with the COR energy system, more precisely of the Model 3. Therefore, Worksport addressed range anxiety that has also been troubling owners of the Tesla Cybertruck, while already nearing completion of product engineering for its solar-powered ecosystem to fit the first electric pickup that has hit the road, the R1T from Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>). In addition, Worksport also has an active partnership with Hyundai for the SOLIS that will also be available for General Motor and Ford pickups, among others.&nbsp;
Electric or powered by an internal combustion engine, pickups are as strong as it gets so no wonder their popularity is showing no signs of fading away even in the EV era that is changing the automotive industry for good.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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The Power Of Pickups Shows No Signs Of Fading Away Even In The EV Era

Honda Motor Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) short percent of float has fallen 10.0% since its last report. The company recently reported that it has 1.34 million shares sold short, which is 0.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.14 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Honda Motor Co Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729020618_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Honda Motor Co has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Honda Motor Co's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Honda Motor Co's peer group average for short interest as a percentage of float is 8.30%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Peering Into Honda Motor Co's Recent Short Interest

<a href="https://asia.nikkei.com/Business/Automobiles/Electric-vehicles/Honda-opens-first-dedicated-EV-plant-in-China">https://asia.nikkei.com/Business/Automobiles/Electric-vehicles/Honda-opens-first-dedicated-EV-plant-in-China</a>
 GUANGZHOU -- Honda Motor officially opened its first-ever dedicated new energy vehicle plant in Wuhan, Hubei province in China on Friday, bolstering EV production amid plans to make all new vehicles sold in the country electric by 2035.
The plant will be operated by Dongfeng Honda, a joint venture between the Japanese automaker and China's state-owned Dongfeng Motor. Roughly 4 billion yuan ($566 million) was invested in the facility, which is expected to have an annual production capacity of about 120,000 vehicles and employ around 800 people. It will begin production with the Lingxi L electric vehicle, which was released in late September.

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'Honda Opens First Dedicated EV Plant In China; Wuhan Facility Reduces Warehouse Personnel Through High Degree Of Automation' - Nikkei Asia

Japanese automaker Honda Motor Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) shares are trading lower premarket on Wednesday.&nbsp;A National Highway Traffic Safety Administration (<a target="_blank" href="https://static.nhtsa.gov/odi/rcl/2024/RCLRPT-24V744-4093.PDF" rel="noreferrer noopener">NHTSA</a>) report disclosed that the company recalled around 1.7 million vehicles.
The company said in a filing with NHTSA that the reason for the recall was a defect in the manufacturing of the steering gearbox worm wheel.
It can swell during operation, which diminishes the grease film thickness between the worm wheel and the worm gear.
Furthermore, the worm gear&#8217;s spring preload was set too high, leading to an increased sliding force between the components.
Consequently, the combination of reduced grease film thickness and heightened sliding force results in increased friction between the worm wheel and the worm gear. This increased friction can increase steering effort and difficulty, raising the risk of a crash or injury.
The recall includes several major models like the Honda Civic 4D, Honda CR-V, and Honda CR-V Fuel Cell Electric Vehicle, which span between 2022-2025.
In February 2024, Honda recalled 750,114 vehicles in the U.S. due to airbag <a target="_blank" href="https://www.benzinga.com/markets/equities/24/02/36960708/whats-going-on-with-honda-motor-shares-after-issuing-massive-recall" rel="noreferrer noopener">concerns, with no reported injuries</a>.
Apart from this, last year, the company recalled 100,000&nbsp;hybrid vehicles&nbsp;in <a target="_blank" href="https://www.benzinga.com/news/23/12/36321342/honda-recalls-over-100k-hybrids-owing-to-fire-risks" rel="noreferrer noopener">the U.S., citing fire risks</a>.
Investors can gain exposure to the stock via&nbsp;SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>).
Price Action: HMC shares are down 1.72% at $31.44 premarket at the last check Wednesday.
Photo via Shutterstock
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Honda Recalls 1.7M Vehicles Over Steering Gearbox Defect

Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is having its Robotaxi Day this week. The &lsquo;We, Robot&rsquo; event will be held on October 10th&nbsp;in Hollywood as Tesla booked the massive&nbsp;Warner Bros. Discovery Inc. Studios to unveil its latest model. Considering the impressive venue and the fact&nbsp;that Tesla had delayed this&nbsp;event in order to make some important changes, expectations are high and there are many speculations of what the EV king plans to unveil, the day promises to be &quot;one&nbsp;for the history books&quot;.
Optimizing the charging process.&nbsp;
Yet, the week got kicked off by Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>)&nbsp;deciding to join Bayerische Motoren Werke Aktiengesellschaft (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>), Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>), and Honda Motor Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>), or more precisely the trio&rsquo;s EV integration joint venture.&nbsp;Through its investment, Nissan revealed it will become an equal 25% investor&nbsp;in ChargeScape. BMW and Honda had presented ChargeScape&rsquo;s software that optimizes charging. Through ChargeScape, BMW, Honda, Ford and now Nissan, will provide bidirectional charging, allowing EVs to send power back to the grid when needed, while optimizing the charging process by coordinating with real-time grid demands. Also, BMW, Ford, Honda and Nissan will be providing financial incentives to EV owners to reduce energy use during peak times.&nbsp;
Bringing more clean energy to the EV table.
Having already established a reputation for its &lsquo;made-in-the-USA&rsquo; hybrid and clean energy solutions for light trucks, Worksport Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>) is preparing for a market release of its solar-powered tonneau cover, SOLIS&nbsp;&nbsp;and the COR portable energy system. This clean energy power duo that promises off-grid power on the go has the potential to propel Worksport&rsquo;s mid to long-term revenues. Worksport already has an ongoing collaboration with Hyundai who secured access to these groundbreaking accessories. Also, Worksport will be releasing one of the most in-demand tonneau cover models, AL4 premium tonneau Cover, in the fourth quarter, with innovative four-fold design that offers enhanced functionality and ease of the use. By launching three new product lines, Worksport is aiming to strengthen its positioning and expand market reach. In the fourth quarter, Worksport will also be implementing cost-saving measures to&nbsp;enhance margins and&nbsp;lower operational overhead&nbsp;without compromising growth. With these key strategic advances that will undoubtedly accelerate revenue growth and boost margings, Worksport is aiming for&nbsp;cash flow positivity un 2025.&nbsp;
While Tesla still holds the EV crown, long gone are the days it had the EV throne to itself. Besides already sharing the crown with BYD Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>) on some fronts, both traditional automakers and newcomers are also shaping the EV landscape that is in the making, such as Worksport whose SOLIS and COR off-grid clean power duo promises to revolutionize the pickup experience altogether.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

BMWYY

BYDDY

The EV Evolution Goes On With New Developments

Nissan has entered into an agreement to invest in ChargeScape, a joint venture equally owned by BMW, Ford and Honda focused on electric vehicle-grid integration. Once the transaction is complete, Nissan will become an equal 25% investor in ChargeScape and will roll out ChargeScape's services to its EV drivers across the U.S. and Canada.
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Contracts

Nissan Has Entered Into An Agreement To Invest To Become An Equal 25% Investor In Chargescape, A JV Equally Owned By BMW, Ford And Honda Focused On Electric Vehicle-Grid Integration

Auto Industry Group Warns Protracted U.S. Ports Strike "Will Be Debilitating To The Auto Supply Chain And Set Off Economic And National Security Ripples Across The Country"

Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) is trying to revitalize the sagging EV demand by addressing range anxiety or more precisely, by providing&nbsp;easier&nbsp;access to charging. Specifically, Ford offered free chargers by the end of the year in hopes to boost EV sales and leases.
<h3>Ford&rsquo;s Attempt To Revive EV Demand</h3>
As of October 1st, all those who buy or lease a Ford Mustang Mach-E, F-150 Lightning pickup truck or E-Transit Cargo van&nbsp;receive the benefit of a free charger as well as of its installation. After its EV roadtrips across Europe and western U.S., Ford came to a realization that by focusing on the charging infrastructure on the road, automakers neglected that homes are the most reliable and consistent charging station for EV owners.&nbsp;
Additional charging help is also on the way.
This month, Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>), a well-established innovator and manufacturer of &ldquo;made-in-the-USA&rdquo; pickup accessories and off-grid power solutions, initiated the Alpha launch of its clean power duo, the solar-powered tonneau cover SOLIS and COR mobile battery power generator. Also in September, Worksport announced it conducted successful lab test results of its COR portable energy system as a range extender for Tesla EVs, including the Model 3 and the Cybertruck.&nbsp;&nbsp;
Moreover, Worksport also just revealed it is&nbsp;progressing towards&nbsp;gaining the&nbsp;ISO 9000&nbsp;certification at its state-of-the-art West Seneca, NY factory anticipated&nbsp;by early-mid 2025.
<h3>Worksport&rsquo;s ISO 9000 Certification Update</h3>
With the ISO 9000 certification, Worksport would pave the way for OEM relationships, which means the possibility of indirect and direct sales to global car makers that include EV pioneers like Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>), as well as traditional automakers like Ford, General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>), Hyundai Motor Company (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>), Honda Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>), Stellantis N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>), Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>), and Toyota Motor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>). While there are no guarantees, the ISO 9000 certification is a prerequisite for becoming a vendor and supply partner of the industry&rsquo;s greatest names like Toyota, GM, Ford, Toyota and others. For Worksport, this would be a major strategic milestone in terms of both quality and operational excellence. Considering that only less than 7% of the tonneau cover industry&nbsp;holds this&nbsp;certification, it would position Worksport as a leading manufacturer, especially with its patented solar tonneau covers.&nbsp;
No matter what, the EV revolution is happening.
While these initiatives and novelties won&rsquo;t fix the EV slowdown nor Ford&rsquo;s $5 billion loss from its unprofitable EV unit that is expected this year, it does show that despite challenges, the EV evolution continues.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

HYMTF

Automakers Are Doing Their Best To Combat The EV Slowdown

Shares of US-listed Japanese stocks are trading lower after the Liberal Democratic Party of Japan elected Shigeru Ishiba as its leader, who will take office as Prime Minister.

Tropical Storm Helene is forecasted to turn <a href="https://www.benzinga.com/markets/equities/24/08/40259269/storm-debby-headed-for-nyc-highly-populated-areas-as-catastrophic-flooding-persists">into a hurricane</a> as it makes landfall over Florida on Thursday.
The storm was located about 60 miles northeast of Cozumel, Mexico, Wednesday morning, moving northwest at 9 mph with maximum sustained winds of 70 mph, according to the National Weather Service (NWS).
The storm is expected to strengthen into a hurricane as it passes over the Gulf of Mexico&#8217;s eastern coast later Wednesday and into Thursday and reaches the Big Bend of Florida late Thursday.
The NWS has already issued a tropical storm warning for all of the Florida Keys, the state&#8217;s west coast from Flamingo to Anclote River, including Tampa Bay, and the Florida east coast from Flamingo northward to Altamaha Sound, Georgia. 
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40982087/shell-braces-for-tropical-storm-35-prepares-major-gulf-of-mexico-oil-fields-for-shut-down">Shell Braces For Tropical Storm 35: Prepares Major Gulf Of Mexico Oil Fields For Shut Down</a>
Helene is forecasted to produce 5 to 10 inches of rain, with isolated totals of 15 inches over the southeastern U.S. This will likely result in considerable urban and flash flooding and significant river flooding. It may also cause landslides in steep terrain areas in the southern Appalachians.
Helene is also expected to bring 4 to 8 inches of rain to Cuba, the Cayman Islands and the northern Yucatan Peninsula before reaching the U.S.
Price Action: The approaching storm has impacted stocks of generator producers, retailers, and utility companies with a presence or a subsidiary in Florida.
Generators
<ul>
<li>Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) slipped 0.45% to $150.16</li>
<li>Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) declined 0.55% to $321.78</li>
<li>Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) rose 0.27% to $32.83</li>
</ul>
Retailers
<ul>
<li>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) gained 0.56% to $81.12</li>
<li>Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) slipped 0.4% to $155.56</li>
<li>The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) fell 0.67% to $397.99</li>
</ul>
Utilities 
<ul>
<li>Emera Incorporated (TSX:<a class="ticker" href="https://www.benzinga.com/stock/EMA#TSX">EMA</a>) gained 0.55% to $52.83</li>
<li>Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) slipped 0.12% to $115.85</li>
</ul>
Read Now:
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</ul>
Image created using artificial intelligence via Midjourney.

Retail Sales

GNRC

TSX:EMA

Tropical Storm Helene Set To Become Hurricane: Generac, Duke Energy Stocks React As Florida Braces

ADNT

CVNA

Shares of auto-related stocks are trading higher following the Fed's policy decision to cut rates by 50 basis points, which could stimulate spending and enhance credit affordability.

Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares are trading higher on Wednesday. Ford, Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) and, Honda Motor Company, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) launched operations for the joint venture, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40917799/bmw-ford-and-honda-begin-operations-of-vehicle-grid-integration-joint-venture-chargescape-name-jos" rel="noreferrer noopener">ChargeScape, that was announced last year</a>.
ChargeScape, the vehicle-grid integration joint venture, is a software platform that connects electric vehicles (EVs) to the power grid, helping to stabilize the grid and reduce charging costs for drivers.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40906726/us-port-strike-in-october-could-lead-to-major-supply-chain-disruptions-says-container-trade-expert" rel="noreferrer noopener">US Port Strike In October Could Lead To Major Supply-Chain Disruptions, Says Container Trade Expert</a>
The companies disclosed the appointment of Joseph Vellone as ChargeScape&#8217;s first CEO and Kalidindi Raju as its Chief Technology Officer (CTO).
Vellone said, &#8220;The U.S. has set ambitious targets for renewable energy deployment and EV adoption, and ChargeScape is here to bridge that gap between supply and demand of electricity.&#8221;&nbsp;
&#8220;We want to transform EVs from a liability into an asset for the power grid and help deliver a clean transportation future for our country.&#8221;
Raju said, &#8220;Although the vehicle-grid integration market is expected to be highly competitive, our partnerships with the world&#8217;s largest automakers gives us a significant edge. With direct access to the vehicles, we enable utilities to optimize EV charging securely and reliably.&#8221;
ChargeScape&#8217;s technology wirelessly connects to electric vehicles and collaborates with utilities to manage energy flow based on real-time grid conditions.
EV drivers can be financially rewarded for their flexibility, while ensuring their vehicles are charged by the specified time.
This month, Ford sold 8,944 electric vehicles in August in the U.S., marking a jump of 29% from the<a target="_blank" href="https://www.benzinga.com/news/24/09/40745466/fords-august-ev-sales-surge-29-driven-by-cybertruck-rival-f-150-lightning-despite-its-slowing-future" rel="noreferrer noopener"> corresponding month last year</a>.
This week, the company said that it is looking to start production of a high-performance race car variant of the&nbsp;Mustang&nbsp;for street <a target="_blank" href="https://www.benzinga.com/news/24/09/40895791/ford-to-roll-out-limited-edition-street-legal-race-car-variant-of-mustang-as-early-as-this-year" rel="noreferrer noopener">use as early as this year</a>.
Investors can gain exposure to the stock via&nbsp;First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) and&nbsp;Invesco Exchange-Traded Fund Trust II Invesco S&amp;P Ultra Dividend Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDIV#NYSE">RDIV</a>).
Price Action: F shares are trading higher by 1.01% at $11.01 at the last check Wednesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40920761/ford-evs-creating-joy-with-built-in-karaoke-add-popular-tesla-feature-to-select-models" target="_blank" rel="noreferrer noopener">Ford EVs &#8216;Creating Joy&#8217; With Built-In Karaoke, Add Popular Tesla Feature To Select Models</a></li>
</ul>

FTXR

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American Honda (HMC) said it sales totaled 110,346 units in October, up 2.1% from last year, "despite supply issues that limited availability of ke...

American Honda reports October sales up 2.1% to 110,346 units

Goldman Sachs added Honda (HMC) to the firm's "APAC Conviction List – Directors' Cut." Goldman believes the company is in a stronger position to ac...

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EV Company News For The Month Of October 2024

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Honda Motor Company (HMC) has released an update. Honda Motor Co. reported a 12.4% rise in sales revenue for the first half of fiscal 2024 compared...

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Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS – CVS Health (CVS) up 12% Vertex (VERX) up 6% I...

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