Japanese car maker Honda posted an operating loss of ¥423bn ($2.68bn) for the year ending March 2026, citing weaker-than-forecast EV demand, US policy changes including removal of tax incentives and tariffs, and difficulty adapting to market shifts. The company is scrapping some EV production targets, sourcing parts from China to reduce costs, and refocusing on motorcycles, financial services, and hybrid vehicles.
14 May 2026 · Joy Online →
Japanese car maker Honda posted an operating loss of ¥423bn for the year ending March 2026 as demand for electric vehicles fell short of expectations. The company cited weak EV demand, US policy changes including scrapped tax credits and tariffs, and announced it would cut EV production targets and source parts from China to reduce costs.
14 May 2026 · Joy Online →
The UK's economy grew 0.3% in March, exceeding analyst expectations of contraction, as consumers and businesses brought forward spending due to fears of future price rises from the Iran conflict. First-quarter growth reached 0.6%, the fastest quarterly pace in a year and the highest among G7 countries reporting data.
14 May 2026 · Joy Online →