Honda’s Q3 profit fell 61% to ¥153.4B due to EV losses and U.S. tariffs

Honda’s third-quarter earnings report was released on Tuesday, and it showed that profit dropped 61% to ¥153.4 billion. The damage came from weak electric vehicle demand and heavy tariffs tied to U.S. President Donald Trump, now in office in 2026. The Japanese automaker said one-time EV expenses crushed earnings. Losses on electric cars sold in […]