Tag: Honda

New Nissan CEO Announces Major Restructuring: 20,000 Job Cuts and Plant Closures

Nissan Motor Co., Ltd., one of Japan’s leading automakers, has announced aggressive restructuring measures this week under a new CEO who took over last month. These include doubling previously planned job cuts to 20,000, suspending operations at select domestic factories in Japan, and closing seven production plants globally by fiscal year 2027. Escalation of Job… Continue reading New Nissan CEO Announces Major Restructuring: 20,000 Job Cuts and Plant Closures

GOP tax bill helps its biggest donor Musk, but harms his company, Tesla

Republicans announced a new tax plan today and it’s just about as bad for America as expected, taking money for healthcare, clean air and energy efficiency from American families and sending it to the ultra-wealthy instead. You might think that this helps one of those ultra-wealthy, Elon Musk, who gave hundreds of millions of dollars… Continue reading GOP tax bill helps its biggest donor Musk, but harms his company, Tesla

Clean Technica: Shaq Ditched His Tesla Cybertrucks For This New EV — And Why004017

Sign up for CleanTechnica’s Weekly Substack for Zach and Scott’s in-depth analyses and high level summaries, sign up for our daily newsletter, and/or follow us on Google News! To those of us who grew up in the ’90s, Shaq (Shaquille O’Neal) is an iconic name. He’s LARGE and was a dominant force in the NBA,… Continue reading Clean Technica: Shaq Ditched His Tesla Cybertrucks For This New EV — And Why004017

Tariffs Push Honda to Move Production From Canada to U.S.

In the face of U.S. tariffs, Honda said on Monday that it would shift production of one of its popular vehicles from Ontario to a U.S. factory and postpone an $11 billion plan to make electric vehicles and batteries in Canada. The announcement came less than a month after Honda denied a report in the… Continue reading Tariffs Push Honda to Move Production From Canada to U.S.

Is Slate Auto’s Electric Truck the Answer to Expensive Cars?

When Slate Auto, a start-up, unveiled a roughly $25,000 electric pickup truck last month, social media lit up with comments. Many people saw the no-frills vehicle, with an easy-to-repair body and nostalgic hand crank windows, as a refreshing antidote to today’s overstuffed and increasingly unaffordable cars. How unaffordable? Average monthly payments on new cars have… Continue reading Is Slate Auto’s Electric Truck the Answer to Expensive Cars?

Honda Motor reports 76% plunge in operating profit in huge earnings miss

Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant Honda missed fiscal fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36… Continue reading Honda Motor reports 76% plunge in operating profit in huge earnings miss

Nissan to shut seven factories, cutting 20,000 jobs worldwide

Nissan’s shake-up will reduce the number of its factories from 17 to 10 by 2027. Photograph: Bloomberg/Getty Images View image in fullscreen Nissan’s shake-up will reduce the number of its factories from 17 to 10 by 2027. Photograph: Bloomberg/Getty Images Nissan to shut seven factories, cutting 20,000 jobs worldwide Carmaker slumps to £3.4bn loss after… Continue reading Nissan to shut seven factories, cutting 20,000 jobs worldwide

Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal year ended March 31, 2025

TOKYO, May 13, 2025 /PRNewswire/ — Honda Motor Co., Ltd. today announced its consolidated financial results for the fiscal year ended March 31, 2025. Financial Results for FYE March 31, 2025 Operating Profit 1,213.4 bil. Yen (excl. the impact of the change in the estimation model for automobile product warranties: 1,341.0 bil. yen） In motorcycle… Continue reading Honda Motor Co., Ltd. (HMC:NYSE) announced its consolidated financial results for the fiscal year ended March 31, 2025