News

Honda Braces for a $4.4 Billion Tariff Bill
Tariffs could cost Japan's second-largest automaker up to 650 billion yen this financial year—equivalent to $4.4 billion and almost half last year’s profit. Reporting results Tuesday, Honda forecast a ...
Honda Motor reports 76% plunge in operating profit in huge earnings miss
Japanese auto giant Honda missed fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing ...
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Tariffs to add $2K-$15K to cost of making vehicles, study finds
An East Lansing consultant group categorizes impact in three tiers, with Mercedes, Land Rover and Ford Mach-e among models ...
Toyota Says Tariffs Will Erase $1.3 Billion in Profits in Just 2 Months
The automaker’s somber forecast for the fiscal year underscored how quickly fortunes had turned for many companies reckoning ...
Honda postpones $15B of electric vehicle investments in Ontario
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery ...
Ford vows to hold Honda 'accountable' after it postpones $15B Ontario EV project
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that ...
Trump tariffs may accelerate restructuring of already struggling Japan auto industry
Nissan Motor Co. is struggling to draw a path to recovery as the major Japanese automaker recently announced a plan to ...
Trump tariffs live updates: Trump's pause on China tariffs still a 'nightmare' for small businesses
The move by the Trump administration to lower tariffs on goods from China to 30% from 120%, still offers limited reprieve for ...