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Honda and Sony are teaming up to enter the EV race. The AFEELA 1 is expected to start deliveries next year.
Tariffs and auto manufacturing are no simple matter, as illustrated by this Honda factory in Indiana
A tour of an Indiana car factory found both a smooth operation and an illustration of how rough it could be to try to reshape one of America's most important industries.
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--MAPEI, a leading global manufacturer of adhesives, sealants, and chemical products for the building industry, proudly extends its best wishes to Marco Andretti and the Andretti Global team at the 109th Running of the Indianapolis 500. This year's race marks a major milestone for Andretti, as he takes the green flag for his 20th career start at the iconic event—an achievement few drivers reach and a moment that makes this year's race more meaningful. Andre.
Japan's auto biggie Honda HMC is pulling back on its electric vehicle (EV) plans as global demand cools. Instead, the company is betting big on hybrid cars, aiming to launch 13 new hybrid models globally between 2027 and 2030, including a new hybrid system for large-size vehicles set to debut in the second half of the decade.
Honda plans to reduce EV investment by $20 billion to focus on hybrids amid a global sales slowdown. Its CEO cited regulatory changes and slowing EV growth as key reasons for a strategic shift.
Honda Motor plans to reduce its electric-vehicle investment by more than $20 billion through the fiscal year ending March 2031 from its original plan.
Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on capturing growing demand for hybrids with new models.
For fiscal 2026, Honda forecasts an operating profit of 500 billion yen, indicating a contraction of 58.8% year over year.
Honda Motor Co., Ltd.'s FY2025 earnings revealed resilient motorcycle and hybrid sales, but auto segment weakness and a 12% profit drop spooked investors. FY2026 guidance is ultra-conservative, reflecting worst-case U.S. tariff impacts and a significant step down in operating and net profit expectations. Management is mitigating tariff risks by reallocating production to U.S. plants, accelerating exports, and delaying major EV investments to preserve flexibility.
While the Zacks Foreign Auto industry is struggling with economic uncertainty, stocks like TM, HMC and NIO are expected to hold their grounds.