Honda sees full-year profit down 59 per cent
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NET PROFIT FORECAST: Honda is expected to post a 26% drop in net profit to 175.13 billion yen, equivalent to $1.20 billion, for the three months ended March, according to a poll of analysts by LSEG. That would compare with Y237.57 billion in net profit in the year-earlier period.
U.S. equities were mixed at midday, with tech shares and a better-than-expected consumer inflation report lifting the S&P 500 and Nasdaq.
Honda Motor said new U.S. auto tariffs will send profits and sales tumbling. CEO Toshihiro Mibe noted that Honda sees a $4.40 billion negative impact from the tariffs this year. Honda is also ...
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HMC Stock Earnings: Honda Motor Co Beats EPS, Misses Revenue for Q4 2024Honda Motor Co (NYSE:HMC ... inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at [email protected].
Research from Canada's parliamentary budget watchdog indicates that manufacturers, between 2020 and 2024, unveiled plans to invest roughly $33 billion in EV and related supply-chain production. The Canadian government pledged $22 billion in financing and tax breaks to lure those companies.
Detailed price information for Nissan Motors ADR (NSANY) from The Globe and Mail including charting and trades.
Honda Motor ( NYSE: HMC) announced on Tuesday a two-year postponement of its ambitious $15 billion electric vehicle investment project in Ontario. The Japanese automaker pointed to a slowdown in global EV demand and mounting economic uncertainty linked to new U.S. tariffs on imported vehicles.