Honda has reported its first operating loss since 1957, citing weaker demand, US tariffs, and intensifying competition
Japanese auto giant Honda has posted its first operating loss since 1957, citing weakening electric vehicle (EV) demand, US trade measures, and mounting competition from China.
On Thursday, the automaker reported a net loss of 424 billion yen ($2.7 billion) for the fiscal year that ended on March 31, largely due to a massive write-down linked to its EV business.
Honda said the downturn was exacerbated by changes in US policy under President Donald Trump, including the removal of tax incentives for American consumers purchasing…
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