Carmakers warn that affordable compact cars may leave US market [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
US-Mexico-Canada Agreement (USMCA) is not renewed or is substantially diluted, The Wall Street Journal (WSJ) reported. The companies are among a shrinking group still selling affordable smaller cars in the US, after local manufacturers have increasingly concentrated on SUVs and pickup trucks. According to sources, automakers have told the administration's economic team that if USMCA is scrapped or changed without major tariff relief for vehicles and parts, some overseas manufacturers may no longer be able to build and sell lower-priced cars in the US. Vehicles such as the Honda Civic and Toyota Corolla are built in the US but depend on parts moving across North America under the current USMCA framework. The trade pact, signed by the US President Donald Trump in 2020, allows tariff-free treatment for vehicles made largely with components from the US, Mexico or Canada. But automotive tariffs introduced during the administration's second term now place a 25% duty on non-US cont
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News
- Tariffs are ‘killing our affordable cars': Foreign carmakers threaten to pull the cheapest cars from the US [Yahoo! Finance]Yahoo! Finance
- Honda's global vehicle output falls 5% in March [Yahoo! Finance]Yahoo! Finance
- Honda Chooses Motorcycles Over Cars In South Korea, Stops Selling Automobiles Completely [Yahoo! Finance]Yahoo! Finance
- ‘Risk of injury': Honda recalls nearly 40,000 vehicles [BNN Bloomberg (Canada)]BNN Bloomberg
- "The Dynamic Has Shifted": Global Automakers Now Bet Heavily On China For Global Expansion Strategies [zero hedge]zero hedge
HMC
Sec Filings
- 4/16/26 - Form 4
- 4/16/26 - Form 4
- 4/16/26 - Form 4
- HMC's page on the SEC website