Honda scraps 3 EVs planned for the US, blaming tariffs and Chinese competition [TechCrunch]
Honda Motor Company, Ltd. (HMC)
Last honda motor company, ltd. earnings: 2/7 03:16 am
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Source: TechCrunch
Honda said on Thursday that Trump's tariffs have harmed the company's gas and hybrid vehicle business, which has put its overall automobile business in “an extremely challenging earnings situation.” Combined with an “inability to respond flexibly” to competition from China and slowing growth in the U.S. market, the company said it has decided to cancel the Honda 0 SUV and 0 Saloon, which . The electric Acura RSX has also been scrapped. The Japanese automaker said it will “reassess its resource allocations and further strengthen its hybrid models” in the U.S. market. All these changes could cost Honda as much as $15.7 billion, the company warned. Honda joins an increasingly long list of legacy automakers that have pulled plans for electric vehicles they had once planned to sell in the U.S. Subscribe for the industry's biggest tech news Latest in Transportation
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HMC
News
- Death by Tariffs: Volvo Discontinuing Entry-Level EX30 EV in the US [CNET News]CNET News
- Honda Warns of $15.7 Billion EV Charge as Auto Business Losses Deepen [Yahoo! Finance]Yahoo! Finance
- Honda cancels 3 planned EV models for US [FOX Business Network]FOX Business Network
- War's impact on oil prices shifts interest about used EV market [USA TODAY]USA TODAY
- Honda Motor Co., Ltd. (HMC) Q4 2026 Press Conference Call Transcript [Seeking Alpha]Seeking Alpha
HMC
Sec Filings
- 3/12/26 - Form 6-K
- 2/10/26 - Form 6-K
- 12/16/25 - Form 6-K
- HMC's page on the SEC website