Honda Motor

Honda cautioned that President Trump's threat to double U.S. tariffs on Canadian vehicles and parts to 50% on Jan. 1 would be catastrophic for the auto industry. Jennifer Thomas urged preserving a trilateral North American trade framework like USMCA rather than reverting to bilateral deals and welcomed renewed U.S.-Canada talks. Honda noted its large Canadian operations and said tariff uncertainty jeopardizes North American competitiveness even though over 60% of its U.S. sales are produced domestically. » Więcej na cnbc.com

Honda aims to save about 1.5 trillion yen (9.4 billion USD) by 2030 and has forced suppliers to make drastic price cuts to become more competitive with Chinese makers like BYD. Targets include roughly 30% cost reductions for stamped/forged parts, electrical components and software-defined vehicle elements, plus more standardized parts and increased sourcing from downstream, including Chinese, suppliers. Honda is suffering heavy losses in its e-mobility business, has shifted strategy toward gasoline-electric hybrids and reported its first annual loss as a publicly listed company in May. » Więcej na de.investing.com

Honda is reportedly close to agreeing with Nissan to jointly develop a vehicle operating system and onboard computer for models from around 2029, though no deal is finalized. The collaboration would let Honda spread software development costs across more vehicles as it balances record quarterly profits with JPY520 billion of forecast EV-related losses and a sharp sales decline in China. Honda cautioned talks are at a potential-collaboration stage and any investor benefit depends on a signed agreement that delivers real cost savings. » Więcej na finance.yahoo.com