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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......

Honda Motor Co. raised its annual profit forecast to reflect softer than initially indicated US import tariffs on Japanese goods, although those levies weighed on the company's latest quarterly performance....

The company forecasted net profit for the current fiscal year to reach $2.84 bln, marking a 49.8% decrease from the previous reporting period...

Honda has reported its profit in the last quarter was half of what it was a year earlier, as automakers were hit by 25% tariffs on vehicle exports to the United States...

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......

The upward revision to operating profit was because of the tariff level and foreign exchange outlook, according to Honda....

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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Honda's first-quarter operating profit fell 50%, missing estimates due to U.S. auto tariffs and a stronger yen....

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The drop included declines of over 10% for Nissan and Honda....

TOKYO (dpa-AFX) - Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobil......

Honda now sees hybrids accounting for 2.2 million of 3.6 million in global sales by 2030, up from the 2 million it previously saw....

Honda says electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal of having EVs reach 30% of its global vehicle sales by 2030...

Honda Motor Co. scaled back investment plans and lowered sales targets for electric vehicles, as consumer demand remains lackluster and environmental regulations are weakened in major markets abroad....

Japanese business leaders and officials were indignant at the U.S. decision to pause China tariffs, while Japan faces economic hardship from auto levies....

Honda will have to go it alone after a tie-up with Nissan fell through as the global auto market is roiled by U.S. tariffs and intense competition in China....