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Honda (NYSE:HMC) Canada said it will postponing a C$15 billion (US$10.7 billion) electric vehicle investment project, which includes a proposed EV battery plant and retooled vehicle assembly facility, in Alliston, Ontario. Ken Chiu, Honda spokesperson, said the project will be postponed by approximately two years due to the recent slowdown in the EV market.

TOKYO , May 13, 2025 /PRNewswire/ -- Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal year ended March 31, 2025.

Honda Motor (NYSE:HMC) shares edged up 1% in Tokyo on Tuesday, holding steady despite a stark warning from the company that it expects a 59% drop in profits this year. Investors appeared to take comfort in the fact that the news, though disappointing, was neither a shock nor worse than feared.

The carmaker projected a sharp drop in profit as it expects to be hit by higher U.S. tariffs on foreign-made cars.

Honda Motor reports 76% plunge in operating profit in huge earnings miss

Japan's Honda Motor forecast a 59% profit decrease for the current financial year on Tuesday as the impact of U.S. President Donald Trump's tariffs and a stronger yen offset gains from demand for its hybrid lineup.

Discover Honda's tech evolution: A deep dive into digital transformation, innovation programs, and strategic tech initiatives. Learn about partnerships, product launches, investments, acquisitions, and ICT budgets. Unlock insights into Honda's future-focused tech strategies and initiatives. Discover Honda's tech evolution: A deep dive into digital transformation, innovation programs, and strate...

Tariffs will quickly batter U.S. car sales as some prices rise by $5,000 to $10,000.