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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Honda Motor Co., Ltd.    7267   JP3854600008


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GM, Ford in talks with Trump administration on medical equipment production

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03/19/2020 | 01:51am EDT
The corporate logo of Ford is seen at Brussels Motor Show

General Motors Co and Ford Motor Co said on Wednesday they were in talks with White House officials about how they could support production of medical equipment like ventilators that may be needed to combat the coronavirus outbreak.

GM Chief Executive Mary Barra spoke to White House economic adviser Larry Kudlow about the issue after the Detroit automaker announced it will suspend North American production through March 30. Kudlow told Fox News on Wednesday that he had spoken to one automaker looking at producing ventilators.

GM spokeswoman Jeannine Ginivan said the automaker "is working to help find solutions for the nation during this difficult time and has offered to help, and we are already studying how we can potentially support production of medical equipment like ventilators."

Ford said on Wednesday it "stands ready to help the administration in any way we can, including the possibility of producing ventilators and other equipment. We have had preliminary discussions with the U.S. government and are looking into the feasibility."Kudlow praised the idea of autoworkers producing medical equipment when plans were idled. "That's the kind of can-do spirit that we are hearing and seeing," Kudlow said.

GM and Ford could face significant hurdles before it could build a complex piece of medical equipment like a ventilator and it is unclear how long it would take to do so, however.

Countries around the world have raised concerns about potential shortages of the ventilators needed to treat critically ill patients suffering from coronavirus. Running in the thousands of dollars per unit, ventilators are used to help people with respiratory difficulties to breathe.

Earlier this week, Britain asked manufacturers including Ford, Honda and Rolls Royce to help make health equipment including ventilators and said it will look at using hotels as hospitals.

During World War Two, GM, Ford and other automakers retooled auto plants to build tanks, planes and other military equipment and weapons, earning Detroit the nickname the "Arsenal of Democracy."

As the coronavirus spread across China in February, a number of manufacturers in China including Apple Inc partner Foxconn and SAIC-GM-Wuling Automobile Co Ltd, a joint venture automaker formed by GM and two Chinese partners, said they had set up production lines to make masks and medical clothing.

By David Shepardson

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.39% 1413.24 Delayed Quote.5.51%
APPLE INC. 0.55% 318.89 Delayed Quote.8.60%
BYD COMPANY LIMITED -1.17% 42.4 End-of-day quote.9.14%
FOX CORPORATION 0.62% 27.8 Delayed Quote.-25.01%
HON HAI PRECISION INDUSTRY CO., LTD. 0.00% 73.6 End-of-day quote.-18.94%
HONDA MOTOR CO., LTD. 4.24% 2630 End-of-day quote.-15.13%
ROLLS-ROYCE HOLDINGS PLC 13.40% 317.82 Delayed Quote.-58.93%
WORLD CO., LTD. 4.97% 1393 End-of-day quote.-48.23%
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Financials (JPY)
Sales 2020 14 859 B
EBIT 2020 674 B
Net income 2020 533 B
Debt 2020 4 858 B
Yield 2020 4,16%
P/E ratio 2020 8,65x
P/E ratio 2021 17,7x
EV / Sales2020 0,63x
EV / Sales2021 0,66x
Capitalization 4 541 B
Duration : Period :
Honda Motor Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends HONDA MOTOR CO., LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 3 120,00 JPY
Last Close Price 2 630,00 JPY
Spread / Highest target 44,5%
Spread / Average Target 18,6%
Spread / Lowest Target -4,94%
EPS Revisions
Takahiro Hachigo President, CEO, Representative Director, Head-R&D
Toshiaki Mikoshiba Chairman & Head-External Affairs
Seiji Kuraishi COO, Representative Director, VP & GM-Automobile
Kohei Takeuchi Senior MD, Head-Finance & Administration
Yusuke Hori Executive Officer & GM-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
HONDA MOTOR CO., LTD.-15.13%42 167
VOLKSWAGEN AG-23.99%75 150
DAIMLER AG-35.44%37 159
BMW AG-31.24%35 446