Japanese auto giant takes historic hit amid EV pullback

Honda

Honda has reported its first operating loss since 1957, citing weaker demand, US tariffs, and intensifying competition Japanese auto giant Honda has posted its first operating loss since 1957, citing weakening electric vehicle (EV) demand, US trade measures, and mounting competition from China. On Thursday, the automaker reported a net loss of 424 billion yen ($2.7 billion) for the fiscal year that ended on March 31, largely due to a massive write-down linked to its EV business. Honda said the

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Japanese auto giant takes historic hit amid EV pullback https://www.rt.com - 15.05.2026 01:36

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Japanese auto giant takes historic hit amid EV pullback https://www.rt.com - 15.05.2026 01:36