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Honda Motor Co. said Tuesday that its group net profit in the current fiscal year through next March is forecast to plunge 70 ...
Forecasting a steep 59 per cent profit drop for the year, Honda is postponing its $15 billion plan to build an EV supply line in Canada for at least two years due to concerns about U.S. auto tariffs.
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of Chinese EV producers.
During the announcement of its 2024-2025 fiscal year financial results on May 13, Honda CEO Toshihiro Mibe stated that in the ...
Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.
Tariffs are hitting automakers hard, with Honda (HMC) being the latest automaker to warn of a major drop in profit for the ...
Ontario Premier Doug Ford says he will make sure auto companies, including Honda, follow through on their commitments to ...
Japan’s Honda Motor on Tuesday forecast a 70 per cent drop in net profit for the 2025-26 financial year as US trade tariffs ...
The company blames U.S. tariffs and a general slowdown in electric vehicle sales; VW's new Ontario battery plant is still a ...
Today we're looking at Tesla's desperate attempts to get people to buy the refreshed Model Y, as well as the trade ...
Japanese automakers Honda Motor Co. (HMC) and Nissan Motor Co. (NSANY) have each reported big declines in their operating ...
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