Honda reports declining profit as Trump's tariffs and EV moves hurt Japanese automaker's results

Honda profits take a 42% hit from Trump’s tariffs and EV moves

By Yuri Kageyama | The Associated Press Honda reported Tuesday a 42% drop in profit for the nine months through December, compared to a year earlier, as U.S. President Donald Trump’s tariffs hurt the Japanese automaker’s earnings. The carmaker faces a litany of challenges that “make it necessary to fundamentally reassess our strategy and rebuild our competitiveness,” it said Tuesday. Those include slowing EV growth, protectionist trade policies,…

Honda joins rivals in warning of costly slowdown in EV growth

Nicholas Takahashi, Bloomberg News Honda Motor Co. added to a chorus of global automakers warning of the costly fallout from slowing demand for electric vehicles, as well as persistent pressures from U.S. President Donald Trump’s tariffs. The Japanese carmaker said one-time EV-related expenses, including losses and impairments on vehicles sold in the U.S. and write-offs of development assets, cost it ¥267.1 billion ($1.7 billion) in the nine mon…

Honda is reeling from Trump’s tariffs, as latest report shows major blow to Japanese automaker

The Japanese automaker reported a significant decline in profits due to tariffs and a slowing EV market in the U.S.

Honda quarterly profit slumps more than 60% on mounting EV, tariff losses

Auto maker becomes the latest to rack up EV costs as demand for the technology cools

Honda's April-Dec. net profit drops 42%, 4-wheel business slips into loss

Honda Motor Co. on Tuesday reported a 42.2 percent drop in net profit in the April-December period, as its four-wheel vehicle business swung into loss, dragged down by U.S. tariffs, a stronger yen and weaker vehicle sales in key markets.

Honda's profit falls as Trump's tariffs hurt earnings

President Donald Trump's tariffs and a slowdown in EV sales have hit Japanese auto maker Honda, whose profit has dropped more than 40 per cent.