Honda Motor posted a 61% drop in third-quarter profit on Tuesday, hit by U.S. tariffs and restructuring costs tied to its electric-vehicle business, becoming the latest automaker to rack up fresh EV losses as demand for the technology cools.
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While Honda has never been an EV powerhouse, it said its automobile business slipped into a loss over the nine months ended in December due to one-off EV-related costs, including asset writedowns, alongside the impact of tariffs.
“Our c… [2278 chars]
Source: Reuters | Published: 2026-02-10T06:41:17Z
Credit: Reuters
