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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,
Key Takeaways Honda Motor said new U.S. auto tariffs will send profits and sales tumbling.CEO Toshihiro Mibe noted that Honda ...
Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.
Honda said it expected net profit of 250 billion yen ($1.7 billion) in the 12 months to March 2026. “Tariff impact and recovery efforts” will have a negative effect on operating profit ...
Japanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing ...
In a surprising turn of events, President Trump on Thursday said India has offered to drop tariffs on US goods as part of a ...
Nissan Motor Co. is struggling to draw a path to recovery as the major Japanese automaker recently announced a plan to ...
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of Chinese EV producers.
Honda is also postponing its $11 billion investment in Ontario EV factories due to slowing demand in North America.
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