Honda Motor is recalling 98,892 vehicles in the United States over a defect involving unintentional deployment of air bags, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday.
Honda Motor Co., Ltd. faces a humbling annual loss and a strategic pivot from BEVs to hybrids amid weak demand and regulatory uncertainty. HMC will introduce 15 gas-electric hybrid models over four years, localizing U.S. hybrid component sourcing to improve profitability and reduce tariffs. Management forecasts a return to operating profitability by March 2025 and a record $8.8B operating profit in FY2029, following a $2.6B FY2026 loss.
HMC posts a wider Q4 loss, but tops estimates as revenues rise Y/Y and motorcycle and financial services sales gain.
Honda's latest results paint a sharply weaker picture of the company's performance, with both operating and net income slipping into loss for the first time in decades. The company reported an operating loss of ¥414.3 billion and a net loss of ¥423.9 billion for the year ended March 2026, its first annual loss since it was founded in 1948.
The Japanese automaker reported a $2.7 billion loss amid EV whiplash in the U.S., its biggest market.
The Japanese carmaker reported its first annual loss after it gave up on EVs in the U.S. and its China business collapsed.
Honda Motor NYSE: HMC reported a full-year operating loss after booking large EV-related charges, while executives outlined a broad reset of the automaker's electrification and automobile business strategy.
Honda Motor posted its first annual loss in nearly 70 years as a listed company on Thursday, hit by U.S. tariffs and more than $9 billion in costs to restructure its electric-vehicle business.
HMC to exit South Korea car sales by year-end after weak volumes, and focus on motorcycles while maintaining after-sales support.
Honda ends Afeela EV with Sony, shifts focus to AI, audio tech, and non-EV opportunities while keeping partnership intact.
Honda is recalling 440,830 vehicles in the U.S. over improper deployment of air bags, the U.S. National Highway Traffic Safety Administration said on Wednesday.
HMC North America Q1 sales fall 4.2%, but hybrid record growth and Acura gains cushion decline.