On May 13, Honda Motor Co., Ltd. announced its financial results for FY2024 (April 1, 2024 through March 31, 2025).
Sales revenue increased 6.2% year-on-year (y/y) to JPY 21.6888 trillion, operating profit decreased 12.2% to JPY 1.2135 trillion and profit for the year attributable to owners of the parent dropped 24.5

Honda's FY2024 full-year financial results were announced.
Revenue increased 6.2% YoY to JPY 21,688.8 billion. This was a JPY 1,260.0 billion increase over the previous year's JPY 20,428.8 billion.
Operating income fell 12.2% YoY to JPY 1,213.5 billion. This was a decrease of JPY 168.5 billion from the JPY 1,382.0

On April 9, California-based Luminary Cloud, the leading scalable engineering simulation platform, announced its SHIFT Models suite of foundation models. The initial SHIFT-SUV model is the world's first Physics AI foundation model and dataset designed for automotive SUV aerodynamic analysis. 
Developed in collaborati

On April 1, the European Commission announced that it has fined 15 major carmakers and the European Automobile Manufacturers’ Association (ACEA) a total of around EUR 458 million for participating in a long-lasting cartel concerning end-of-life vehicle (ELV) recycling. Mercedes-Benz was not fined, as it revealed the

On February 10, global automakers are preparing strategies to counteract the potential impact of a 25% tariff that the U.S. may impose on imports from Mexico and Canada, according to Fitch Ratings. The agency warned that such tariffs could pressure automakers' credit ratings due to higher costs and supply chain disru

The U.S.-based private equity firm KKR & Co. is considering investing in Nissan Motor Co., people familiar with the matter said, after talks to combine with rival Honda Motor Co. failed.
KKR is in early stages of evaluating an equity or debt investment to improve Nissan’s financial position, the sources said, however

On February 13, Honda Motor Co., Ltd. announced that its consolidated sales revenue for the first nine months (April 1, 2024 through December 31, 2024) of the fiscal year ending March 31, 2025 (FY2024) increased by 8.9% year-on-year to JPY 16.3287 trillion.
Operating profit increased 5.9% to JPY 1.1399 trillion by st

Honda's FY2024 third quarter financial results were announced.
Revenue increased 8.9% YoY to JPY 16,328.7 billion. This was a JPY 1,329.2 billion increase over the previous year's JPY 14,999.5 billion.
Operating income increased 5.9% YoY to JPY 1,139.9 billion. This was an increase of JPY 63.5 billion over the prev

Honda and Nissan have signed a memorandum of understanding (MoU) to start discussions that could pave the way for a merger of the two companies. Mitsubishi Motors is also considering joining a new consolidation, which, if it went ahead, would make it the world’s third largest vehicle manufacturer.
In an industry faci

On January 8 at CES 2025, Honda presented the world premiere of the first two models in the company’s new 0 Series line of battery electric vehicles, the Honda 0 SUV and Honda 0 Saloon prototypes. Production models based on both prototypes will be built at Honda's EV Hub in Ohio, and launch in North America in 2026 f

On December 23, Nissan Motor Co., Ltd and Honda Motor Co., Ltd. announced that they have signed a memorandum of understanding (MOU) to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company. The two companies will continue thei

Reported on December 19, 2024, the Federation of Thai Industries (FTI)’s automotive club said Thailand’s auto industry is likely to benefit from the proposed merger of Nissan and Honda, considering that both Japanese auto manufacturers have significant operations in Thailand, including manufacturing facilities and R&

On December 11, American University's Kogod School of Business, located in Washington D.C., announced results of the 2024 Made in America Auto Index, which puts Tesla at the top of its rankings for the second year in a row. 
The Auto Index is meant to be a consumer research tool to provide accessible data about the c

The global automotive industry is undergoing a revolution toward zero-emission technology, and in Asia, Japan and South Korea are leading the race for dominance in hydrogen-powered vehicles. This rivalry is more than a market battle—it’s a bid for energy independence and environmental sustainability. FCEVs (fuel cell