Honda Signals Profit Drop
Digest more
NET PROFIT FORECAST: Honda is expected to post a 26% drop in net profit to 175.13 billion yen, equivalent to $1.20 billion, for the three months ended March, according to a poll of analysts by LSEG. That would compare with Y237.57 billion in net profit in the year-earlier period.
Tariffs are hitting automakers hard, with Honda (HMC) being the latest automaker to warn of a major drop in profit for the year. Yahoo Finance Senior Autos Reporter Pras Subramanian joins Market Domination Overtime to explain how dealers are managing inventory and where prices may be headed.
Honda said on Tuesday it would postpone by at least two years its large-scale investments to establish an electric vehicle supply chain in Canada. Originally announced in April of last year , the project is valued at $15 billion,