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Honda Motor Co. issued a lukewarm profit forecast as it braced for the fallout of US President Donald Trump’s trade war.
Japan's Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs ...
The carmaker projected a sharp drop in profit as it expects to be hit by higher U.S. tariffs on foreign-made cars.
Honda's forecast is the latest signal of the difficulty car makers are having navigating tariffs alongside the rise of Chinese EV producers.
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.
During the announcement of its 2024-2025 fiscal year financial results on May 13, Honda CEO Toshihiro Mibe stated that in the ...
Honda Motor Co. reported a 76% drop in fourth-quarter operating profit on Wednesday, missing analyst expectations by a wide ...
triggering profit warnings and layoffs. That's not what you want to happen. Tesla's European can sales saw a sizable 28.2% drop in March compared to the same time last year. The dismal news for ...
Sales for Honda and Nissan, for example, were down 34% and 28% respectively in the first quarter from a year earlier. Volkswagen, once China's top-selling passenger car brand, saw sales drop 6% in ...
Most suppliers struggled with squeezed profit margins ... highlighted the fears rippling through supplier ranks. He forecast a 10 per cent drop in sales from the tariffs on finished cars alone ...
Shares in Toyota Motor Corp. lost 1.6% while Honda Motor ... reporting stronger profit and revenue for the latest quarter than analysts expected. It also raised its forecast for profit over ...