Japan's Honda projects plummeting profits
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bne IntelliNews on MSNJapan’s auto industry left reeling under tariff pressure as Honda and Nissan feel the painBy bno - Taipei Office Japan’s once-unshakeable auto industry is facing a dramatic reckoning as major manufacturers struggle with tumbling profits, global trade tensions and internal upheaval. In just the past few days,
Honda Motor has delayed its planned $15bn electric vehicle (EV) battery and assembly facility in Ontario by approximately two years, citing slowing EV demand and tariff impacts, as reported by Reuters .
The logo signboard of Japanese automaker Honda Motor atop a showroom in Tokyo on Feb. 6, 2025. Key Takeaways. Honda Motor said new U.S. auto
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 Motor (NYSE:HMC) missed consensus estimates with its full-year earnings report as the Japanese automakers prepared for tariffs on imports into the U.S. Revenue was up 6.2% year-over-year to ¥21.
While most Japanese manufacturers have attempted to build a luxury legacy, three have decided to stay in their lane and stick to what they know.
The Nikkei 225 Index has rebounded in the past few weeks as optimism on trade prevailed. After bottoming at ¥30,770 in April, it has surged by over 21%, entering a technical bull market. It is now hovering at its highest level since March 27,