Honda, Nissan and tariffs
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Honda, Canada
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Fourth-quarter revenue was in line with LSEG mean estimates, but fourth-quarter operating profit posted a huge miss. Revenue for the full financial year rose 6.2% year on year, but operating profit fell 12.
U.S. equities were mixed at midday, with tech shares and a better-than-expected consumer inflation report lifting the S&P 500 and Nasdaq.
Slowing demand for EVs and US tariffs on Canada’s auto sector force the Japanese automaker to postpone plans for an EV supply chain in Ontario, dealing a severe blow to Canada’s EV ambitions.
Honda has stalled its $15-billion plan to build four new electric vehicle factories in Ontario for two years but will continue production of other cars and sport utility vehicles at
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Vehicles with a manual transmission are a dying breed, but Honda still has an option for those who prefer it. Here's it's specs and sticker price.
Honda Cars India has the third-gen and the second-gen Amaze on sale in India. Now, the Japanese automaker seems to be planning on phasing out the second-generation version of the compact sedan in the country.