💨 Abstract

Honda's fiscal year profit dropped 24.5% due to decreased vehicle sales in China and high R&D costs, despite record motorcycle sales and strong hybrid vehicle performance. The company anticipates a 70% profit decline next year due to U.S. tariffs on vehicles from Canada and Mexico, although Honda plans to minimize the impact by shifting production to U.S. plants and continuing electric vehicle development. Additionally, Honda abandoned talks to merge with Nissan, citing disadvantages for the latter.

Courtesy: wtop.com