It's only March, and we already we have a blue-ribbon winner for the most unexpected business news of 2025. According to CNBC, carmakers including Honda Motor Co. (HMC 1.35%), Toyota Motor Corporation (TM 1.
As cars are becoming more connected, automakers see access to space as an important investment.
Honda Motor (HMC) plans to produce its next Civic hybrid in Indiana rather than Mexico to avoid the impact of possible tariffs, according to a Reuters report.
Honda is the latest major company to consider a pivot to US manufacturing after Trump revealed his plan to levy 25% tariffs on Mexico and Canada.
Japan's well-honed skills at trade diplomacy make some mitigation of Donald Trump's tariffs possible, if not likely.
Honda Motor (NYSE:HMC) is shifting production of its next-gen Civic hybrid to Indiana, dodging potential US tariffs on North American imports, according to US media reporrts. The automaker originally planned to build the model in Mexico starting in 2027.
Honda has decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling car models, according to three people familiar with the matter.
HMC's performance is likely to get hurt by declining revenues in the Power Products segment, high R&D expenses and rising debt levels.
Taiwan's Foxconn has proposed forming a partnership with Japan's Honda Motor , aiming to create a tie-up framework that also includes rival carmakers Nissan Motor and Mitsubishi Motors , the Nikkei newspaper reported on Friday.
Japan has raised concerns with the US over potential 25% tariffs on car imports, following threats from President Donald Trump, according to Bloomberg. Such a move would hit Japan's economy hard, as cars are its biggest export, with the US as its largest market.
That massive Japanese auto merger may not be totally dead after all.
That massive Japanese auto merger may not be totally dead after all.