Legacy automakers have scaled back EV production goals as electric vehicle sales growth slows: according to Kelley Blue Book, EV share of total new-vehicle sales in Q1 was 7.3%, a decrease from Q4 2023. Honda Motor Company's recent activity in the transition to electric vehicles is picking up, says one of its top officials in North America.
Today, we focus on the Harvard Management Company (“HMC”) and discuss three Harvard endowment stocks. HMC manages Harvard University's substantial endowment fund, valued at well over $50 billion for fiscal year 2023.
We're approaching the end of first quarter earnings season with 92% of companies listed in the benchmark S&P 500 index reporting results. By and large, it has been a strong period.
If you're looking for auto stocks to buy, Honda Motor Co. (NYSE: HMC ) should be at the top of your list. Bloomberg reported earlier in May that forecasted a strong year for Honda profits due to high demand for its hybrids in the U.S. and motorcycles in Asia.
In retrospect, the turnaround—and just how fast it happened—is difficult to believe.
Honda Motor (HMC) on Thursday said it plans to invest about 10 trillion yen ($64.4 billion) in its electric-vehicle strategy over the 10-year period through fiscal 2031, as the Japanese automaker seeks to catch up with Chinese rivals and Tesla (TSLA).