Honda sees full-year profit down 59 per cent
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Honda has assured Canada that no jobs will be lost and it is committed to major electric vehicle investments in the country, Industry Minister Melanie Joly said on Wednesday, in the wake of the Japanese carmaker announcing it would put on hold a plan to build an EV supply chain in Canada.
Honda Motor Co. is expecting a ¥450 billion ($3 billion) hit to its full-year profit as it braces for the fallout of US President Donald Trump’s auto tariffs, joining rivals reeling from the trade war.
Honda has reported its profit for the fiscal year through March slipped 24.5% from the previous year as its vehicle sales in China dropped.
Japanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Honda's fourth quarter ends March 31.
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KTVU FOX 2 San Francisco on MSNHercules police chase 17-year-old in stolen Honda, recover loaded gunHercules police arrested a 17-year-old boy after he allegedly fled from a traffic stop crashed through a fence, and ended up in a field.
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Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its Canadian EV plans
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of Chinese EV producers.
Nikita Chuicko, the virtual artist better known as "kelsonik" on social media, thinks that now is the right CGI time to work on the popular Honda CUV
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,
Honda Airways Facility in Japan Honda Airways, subsidiary of Honda Motor Company, is now the Authorized Sales Representative (ASR) of Honda Aircraft Company in Japan. This development in the HondaJet sales network enhances the HondaJet onboarding process for owners and operators in Japan.