Honda Motor Co.

Honda is a Japanese multinational corporation primarily known as a manufacturer of automobiles, motorcycles, and power equipment. In March 2026, the company announced the cancellation of three planned electric vehicles for the US market, citing the negative impact of tariffs and increased competition from Chinese EV manufacturers. This decision, which could cost Honda up to $15.7 billion, also involves a reassessment of resource allocation and a strengthening of its hybrid model offerings in the US.