Honda Earnings Take a Hit as EV Demand Cools in Key Markets
Japanese automaker Honda reported a significant 42% profit drop for the first nine months, citing U.S. tariffs and a slower electric vehicle market. Sales also declined, prompting Honda to lower its 2030 EV sales target. This mirrors challenges faced by other Japanese car giants like Toyota.
Japanese automaker Honda reported a significant 42% profit drop for the first nine months, citing U.S. tariffs and a slower electric vehicle market. Sales also declined, prompting Honda to lower its 2030 EV sales target. This mirrors challenges faced by other Japanese car giants like Toyota.
