Qantas Unveils Wellness-Focused Nonstop Sydney-London Flights to Reduce Jet Lag 
Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns 
Ukrainian Drone Makers Target Japan and Asia Defense Market 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Jio IPO Filing Nears as Reliance Targets $4 Billion Market Debut 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks 
US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
HSBC Australia Faces A$35M Penalty Over Scam Protection Failures 
Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
Honda Motor Co. (NYSE:HMC) has projected a 59% drop in operating profit for the fiscal year ending March 2026, citing U.S. tariffs under President Donald Trump and weakened electric vehicle (EV) demand. The Japanese automaker now expects an operating income of 500 billion yen ($3.38 billion), down from 1.21 trillion yen the previous year.
The revised forecast reflects mounting challenges for global carmakers as they contend with escalating tariffs and competition from Chinese EV manufacturers. Honda estimates a 650 billion yen impact from tariffs worldwide in fiscal 2026, with about 300 billion yen tied to U.S. import duties on 550,000 vehicles. The company aims to recover roughly 200 billion yen through mitigation strategies.
Adding to the strategic setback, Honda has delayed its ambitious EV supply chain project in Ontario, Canada, for at least two years. The initiative, announced in April 2024, was put on hold due to softening global EV demand, the company said.
CEO Toshihiro Mibe addressed the uncertainty in a press conference, emphasizing the need for “strategic partnerships” to weather current market pressures. While talks of a merger with Nissan (OTC:NSANY) ended earlier this year, the companies continue to collaborate on automotive technologies.
This development highlights the broader instability facing traditional automakers amid geopolitical headwinds and the rapid rise of Chinese EV rivals. Honda’s strategic pause and profit warning are key signals of how legacy car brands are recalibrating in response to shifting global trade and energy landscapes.
