HMC
$25.48
Honda Motor Co., Ltd.
Recent News
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Trump tariffs have cost automakers more than $35 million so far
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Honda Warns of $15.7 Billion EV Charge as Auto Business Losses Deepen
This article first appeared on GuruFocus. Honda Motor Co. (NYSE:HMC) is confronting a sharp financial setback after an aggressive electric-vehicle push backfired, forcing the automaker to record a 2.5 trillion ($15.7 billion) impairment charge tied largely to EV investments that were abandoned shortly before launch. The write-down could precede what may become Honda's first annual loss on record and highlights the risks of its late attempt to catch up with EV leaders such as Tesla (NASDAQ:TSLA) and China's BYD (BYDDF).
Honda cancels 3 planned EV models for US
Honda shifts U.S. strategy from electric vehicles to hybrids as consumer demand weakens, canceling three planned EV models including Honda 0 Series lineup.
Honda Motor (TSE:7267) Is Down 6.4% After Major EV Write-Downs Trigger First Loss in Decades
Honda Motor Co., Ltd. disclosed that it had cancelled several planned North American electric vehicle models and revised its fiscal 2026 guidance to an operating loss of ¥270.00 billion to ¥570.00 billion and a net loss of ¥420.00 billion to ¥690.00 billion, driven by very large EV-related write-downs and associated restructuring costs. This marks Honda’s first projected annual loss in almost 70 years and highlights how tariffs, weaker EV demand, and rising Chinese competition have forced a...