A Novel Reprise About Manufacturing

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Home / News Releases / Automaker News Releases /Honda sets monthly records for automobile production in Asia and China Honda sets monthly records for automobile production in Asia and China Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of October 2020 Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of October 2020. Production in Japan experienced a year-on-year increase for the second consecutive month. Production in regions outside of official source Japan experienced a year-on-year increase for the second consecutive month. Worldwide production experienced a year-on-year increase for the second consecutive month. Total Japanese sales experienced a year-on-year increase for the first time in 13 months. New vehicle registrations experienced a year-on-year increase for the fisrt time in 13 months. Sales of mini-vehicles experienced a year-on-year increase for the first time in eight months. Fit was the industry’s seventh best-selling car among new vehicle registrations for the month of October 2020 with sales of 9,000 units.

https://www.automotiveworld.com/news-releases/honda-sets-monthly-records-for-automobile-production-in-asia-and-china/

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Fitch ranks ZIG's business profile as 'most favourable' compared with other large European insurance groups', based on its competitive positioning, its business risk profile, and diversification. Given this ranking, Fitch scores ZIG's business profile at 'aa+' under its credit factor scoring guidelines. ZIG is one of the largest composite insurance groups in Europe, with a strong global brand. The group has a major presence in many mature European markets and the US, and targets emerging markets as an area of growth. Fitch views underlying earnings as strong, primarily driven by ZIC's diversified profit sources. However, ZIG's business operating profit declined 40% yoy in 1H20 to USD1.7 billion, burdened by COVID-19 related claims of USD686 million, larger catastrophe-related losses and negative market movements. Despite the increase in the combined ratio to 99.8% in 1H20 (1H19: 95.1%), ZIG was able to achieve price increases of about 8% in 1H20. This compares favourably with 2019, particularly in commercial insurance, and the positive trend continued in 3Q20. Factors that could, individually or collectively, lead to positive rating action/upgrade: --Positive rating action would be prefaced by Fitch's ability to reliably forecast the impact of the coronavirus pandemic on the financial profiles of both the global insurance industry and ZIG.

https://www.fitchratings.com/research/insurance/fitch-affirms-zurich-insurance-company-ifs-at-aa-outlook-stable-23-11-2020