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Honda Motor Co ( (JP:7267) ) has issued an update.
Honda Motor Co. has announced its decision to acquire an additional 21% equity interest in Astemo, Ltd., transforming it into a consolidated subsidiary. This strategic move aims to strengthen Honda’s position in the rapidly changing automotive industry, particularly in the development of software-defined vehicles, by leveraging Astemo’s expertise in both hardware and software technologies. The acquisition is expected to enhance Honda’s development capabilities and cost competitiveness, positioning Astemo as a key partner in achieving sustainable growth and solidifying its status as a global mega supplier.
The most recent analyst rating on (JP:7267) stock is a Buy with a Yen1900.00 price target. To see the full list of analyst forecasts on Honda Motor Co stock, see the JP:7267 Stock Forecast page.
More about Honda Motor Co
Honda Motor Co., Ltd. is a prominent player in the automotive industry, primarily engaged in the development, manufacture, and sale of automobiles, motorcycles, and power equipment. The company is focused on enhancing its capabilities in software-defined vehicles (SDVs) to adapt to the evolving automotive landscape.
Average Trading Volume: 15,682,735
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen6536.6B
Learn more about 7267 stock on TipRanks’ Stock Analysis page.