Reported about 9 hours ago
Honda has projected a dramatic 70% drop in profits for the fiscal year ending March 2026, attributing this downturn to declining vehicle sales in China and the impact of tariffs implemented by President Trump. The company reported a 24.5% decline in profits to 835.8 billion yen ($5.6 billion) for the previous fiscal year, despite an increase in overall sales. As production shifts to U.S. plants and electric vehicle strategies continue, executives remain cautious about uncertainties affecting future earnings.
Source: YAHOO