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Honda Braces for a $4.4 Billion Tariff Bill
Tariffs could cost Japan's second-largest automaker up to 650 billion yen this financial year—equivalent to $4.4 billion and almost half last year’s profit. Reporting results Tuesday, Honda forecast a roughly two-thirds slide in operating profit for the year through March 2026,
The company will move production of the CR-V SUV from Canada and the HR ... Such a step would make it possible for Honda to switch to a three-shift system from two shifts and extend ...
Honda Motor Company confirmed this week it will transfer some vehicle production from Japan to the US this year in response to the US government’s recent 25% hike in tariffs on vehicles imported into ...
Honda is reportedly set to shift production from Canada and Mexico to ... Japanese production of its top-selling US model, the Rogue SUV, over the next few months, sources told Reuters on ...
Honda said on Tuesday it would postpone by at least two years its large-scale investments to establish an electric vehicle ...
Honda currently sells two EVs: the Prologue and the hydrogen-powered CR-V e:FCEV. However, it will introduce two new EVs, the ...
Postponing the Canadian EV project is part of the automaker's effort to contain the damage from hefty U.S. tariffs on foreign-made vehicles. Honda said it expects its net profit to drop 70% to 250 ...
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