Honda's Profits Plunge 61%, Dialing Up Fleet Sales: TDS

Honda's Profits Plunge 61%, Dialing Up Fleet Sales: TDS

“We need to conduct a fundamental review of our strategies to rebuild our competitive strength,” Honda Executive Vice President Noriya Kaihara said.

Honda’s Q3 profit plunges 61% to ¥153.4B thanks to EV restructuring and tariffs

The post Honda’s Q3 profit plunges 61% to ¥153.4B thanks to EV restructuring and tariffs appeared on BitcoinEthereumNews.com. Honda’s third-quarter earnings report was released on Tuesday, and it showed that profit dropped 61% to ¥153.4 billion. The damage came from weak electric vehicle demand and heavy tariffs tied to U.S. President Donald Trump, now in office in 2026. The Japanese automaker said one-time EV expenses crushed earnings. Losses o…