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Category honda

Honda warns of tougher year ahead as chip shortages

Honda warns of tougher year ahead as chip shortages

Honda cut its annual profit forecast due to a global chip shortage and weakening demand for electric vehicles.
Automakers to gain $700M relief after US tariff reduction

Automakers to gain $700M relief after US tariff reduction

European automakers will save 500-600 million euros monthly after U.S. tariffs dropped from 27.5% to 15% starting August 1st.
Tesla’s grip on US EV market weakens and slips by 38%

Tesla’s grip on US EV market weakens and slips by 38%

Tesla’s US market share collapsed to 38%, falling below 40% for the first time since 2017.
Toyota's profit fell by 37% due to U.S. tariffs

Toyota's profit fell by 37% due to U.S. tariffs

Toyota Q2 financial data shows a 37% fall in profits to 841 billion yen ($5.7 billion) driven by U.S. tariffs.
Japan firms expect a $28 billion hit from U.S. tariffs

Japan firms expect a $28 billion hit from U.S. tariffs

Japan companies could suffer a hit as high as $28 billion based on company guidance during the current full-year earnings season.