On May 13, 2025, Honda Motor Co. reported a significant 76% drop in operating profit, marking a substantial earnings miss for the company. This financial update, shared in posts on X, highlighted the challenges faced by the automotive giant. Additionally, Honda forecasted a 59% profit decrease for the current financial year, attributing the decline to uncertainties surrounding U.S. President Donald Trump’s proposed tariffs. As a result, the company decided to pause its plan to develop an electric vehicle (EV) supply chain in Canada, a strategic move to navigate the shifting economic landscape. The announcement led to a 4.5% drop in Honda’s stock price during pre-market trading, reflecting investor reactions to the news. Despite these hurdles, Honda continues to focus on its global operations, aiming to adapt to market conditions while maintaining its position in the automotive industry. 34news.online
