Honda Projects 59% Drop in Annual Profit, Delays EV Expansion in Canada Due to Tariff Pressures
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LN24 / 8 months
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- 2 min read
Honda Motor Co. is anticipating a significant 59% decline in operating profit for the fiscal year ending March 31, 2026, as global trade tensions—particularly new U.S. tariffs—put pressure on the automotive industry. The company now expects to post an operating income of 500 billion yen (approximately $3.38 billion), down sharply from 1.21 trillion yen recorded […]