Japanese multinational manufacturer of automobiles, motorcycles, and power equipment canceling US EV plans.
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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.
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Frequently Asked Questions
What does Honda Motor Co. do?
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…
Where is Honda Motor Co. headquartered?
Honda Motor Co. is headquartered in Minato, Tokyo, Japan.
When was Honda Motor Co. founded?
Honda Motor Co. was founded in 1948.
What industry does Honda Motor Co. operate in?
Honda Motor Co. operates in Automotive, Electric Vehicles, Transportation, Manufacturing.
How many employees does Honda Motor Co. have?
Honda Motor Co. has approximately 220000 people on record.
What is Honda Motor Co.'s current status?
Honda Motor Co.'s current operating status is: Public.