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07.08.25 - 10:12
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Toyota warns of £7.1bn hit from Trump tariffs as it cuts profit forecast (The Guardian)
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Japanese carmaker cuts operating profit guidance by 16% day after rival Honda reports 50% drop in profits• Business live – latest updatesToyota has warned it faces a 1.4tn yen (£7.1bn) hit from Donald Trump's trade tariffs, as the Japanese company reported a drop in net profit and cut its guidance for next year.The biggest carmaker in the world said it expected to make an operating profit of 3.2tn yen in its financial year to March 2026, down 16% on previous guidance of 3.8tn yen. Continue reading......
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06.08.25 - 12:48
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Honda quarterly profits drop by half as carmaker feels effects of Trump tariffs (The Guardian)
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Fall in operating profits also due to losses on electric car sales in US but drop is less than manufacturer estimatedBusiness live – latest updatesThe Japanese carmaker Honda has reported a 50% drop in quarterly profits as it counted the cost of Donald Trump's tariffs and electric vehicle policies, even as it said the full impact would be less than its worst expectations.The manufacturer's operating profits fell by half to 244bn yen (£1.2bn) in the three months to June, according to financial results published on Wednesday. That was mainly because of a 124bn yen hit from tariffs, as well as 113bn yen in losses on electric car sales in the US. Continue reading......
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06.08.25 - 10:18
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Honda Motor Earnings Decline In Q2 (AFX)
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TOKYO (dpa-AFX) - Honda Motor Co., Ltd. (HMC, 7267.T), a Japanese corporation for manufactures automobiles and motorcycles, on Wednesday announced that profit attributable to the owners of the par......
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