Honda Motor Company
Coverage of Honda Motor Company in the Nexus archive.
- Japan’s economy manages 1.1% growth rate despite headwinds
Japan's economy grew at an annual rate of 1.1% in the April-June quarter, even while private consumption remained flat and exports declined. Although quarterly GDP growth was lower than expected due to economic headwinds such as high energy costs from the war in Iran, strong global demand for autos and semiconductors helped support Japan’s exports.
- Hiroshi Okuda, who led Toyota's climb as a global automaker, dies at 93
Hiroshi Okuda, former chief executive of Toyota, has died at age 93. He led the global growth of the automaker and was instrumental in developing the gas-electric hybrid Prius. Throughout his career, he focused on boosting Toyota’s reputation for fuel efficiency while also driving the company's international expansion into manufacturing plants in the U.S. and Europe.
- Japan’s Honda reports robust results after its first ever annual loss
Honda's profit for the fiscal first quarter doubled to 456.9 billion yen, driven by strong sales in the U.S. and India, despite challenges in China. The company is recovering from a historic annual loss linked to costly electric-vehicle plans and U.S. policy impacts, and now forecasts a return to profitability this fiscal year.
- Japan’s Honda reports robust results after its first ever annual loss
Honda's profit for the fiscal first quarter doubled to 456.9 billion yen ($2.9 billion), driven by strong sales in the U.S. and India. The company is recovering from a record annual loss linked to costly electric-vehicle plans and U.S. President Donald Trump’s policies, which impacted EV adoption and profitability. Honda raised its profit forecast for the current fiscal year to 400 billion yen ($2.5 billion).
- Honda Raises Outlook 30% as Weak Yen, US Demand Lift Profits
Honda Motor Co. raised its profit outlook due to a weak yen and strong demand in the US for gas-electric hybrids. The company's quarterly results were boosted by these factors.
- A 7.1 magnitude quake hits Japan's southern Kyushu island and dozens are injured or missing
A 7.1 magnitude earthquake struck Kyushu island in Japan, causing structural collapses at a shopping center and paper factory, resulting in injuries, missing persons, and evacuations. Tsunami advisories were issued but lifted, while businesses like Toyota and Honda suspended operations for safety assessments.
- President Sheinbaum welcomes Japanese business leaders to Mexico, eyeing closer trade ties
President Claudia Sheinbaum welcomed Japanese business leaders to Mexico to strengthen bilateral cooperation, discussing investments and challenges related to USMCA. Japanese companies in Mexico, including Honda and Toyota, generate 350,000 jobs under a 2004 Economic Partnership Agreement.
- Nissan CEO Ivan Espinosa was forced to put together a plan to save the Japanese carmaker in just six weeks: ‘I knew what had to be done’
Nissan CEO Ivan Espinosa developed a six-week plan to address the company's crisis, including financial losses, failed merger talks with Honda, and declining market share in China and the U.S. The company faces challenges from domestic competition, tariffs, and strategic setbacks.
- Japan’s mighty carmakers are in serious trouble
Japan's automotive industry faces significant challenges requiring innovative strategies to remain competitive. The article emphasizes the urgent need for bold approaches to ensure survival in a changing market.