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.
Honda is willing to resume takeover talks to form the world's fourth-biggest carmaker, provided Nissan CEO Makoto Uchida steps down, the Financial Times reported on Monday, citing sources familiar with the discussions.
HMC reports better-than-expected fiscal Q3 results and expects fiscal 2025 sales volumes from the Motorcycle & Automobile to increase year over year.
The S&P 500 is near its all-time high. The deadline for funding the U.S. government is rapidly approaching with no budget deal finalized yet.
Japanese automaker Honda reported a 7% decline in profit for the nine months that ended in December on Thursday as it terminated talks on integrating its business with Nissan.Tokyo-based Honda Motor Co. said its motorcycles business was strong, but its auto sales suffered in China and Japan, while demand stayed solid in the U.S.Honda's April-December 2024 profit totaled 805 billion yen ($5 billion), down from 869.6 billion yen the same period in 2023.Nine-month sales gained nearly 9% to 16.3 trillion yen ($106 billion).Honda and Japanese rival Nissan Motor Corp., along with the smaller Mitsubishi Motors Corp., said in December that they were in talks to set up a joint holding company.The automakers said Thursday they were ending the talks, although existing collaborations in electric vehicles and smart cars will continue.
Honda Motor Co., Ltd. (NYSE:HMC ) Q3 2025 Earnings Conference Call February 13, 2025 3:00 AM ET Company Participants Shinji Aoyama - Director & EVP Eiji Fujimura - Chief Financial Officer Conference Call Participants Operator Thank you very much for spending your time to join us here today.