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Import tariffs and rising costs are squeezing profits at the Detroit 3, and the financial strain is expected to hit factory ...
Toyota is sounding the loudest warning bell yet about tariffs. The automaker said it expected its profits to be $9.5 billion lower this year because of the Trump tariffs on cars imported to the U.S.
Honda has also changed its average US$ exchange rate assumption for the full year from JPY135 to JPY140, which improves the profitability of its US operations. Net profits for the full year are ...
The Tokyo-based maker of the Accord sedan and Asimo robot revised upward its profit forecast for the full fiscal year through March 2026 to $2.9 billion, better than its earlier estimate of $1.7 ...
US tariffs prompted Japanese auto giant Toyota on Thursday to cut its annual net profit forecast by 14 percent.
The Japanese automaker posted a nearly $1.6 billion operating profit loss, as it writes off losses from its EV efforts and ...
Honda's net profit halved to ¥196.67 billion in Q1 due to U.S. tariffs on Japanese cars but the company raised its annual ...
The negative impact of tariffs was estimated at about 450 billion yen ($3 billion), based on “a detailed review,” according ...
Honda and the Honda USA Foundation contribute over $16.5 million during annual programmatic funding cycleThis year's funding ...
The company forecasted net profit for the current fiscal year to reach $2.84 bln, marking a 49.8% decrease from the previous reporting period ...
Japanese car giant Honda said Wednesday its net profit halved in the first quarter because of US tariffs, but upgraded its annual profit forecast after Tokyo finally hammered out a trade deal with ...
Honda Motor reported sharply weaker first-quarter net profit due to U.S. tariffs and one-time losses related to electric vehicles, though it raised its annual earnings forecasts, citing a smaller-than ...