Honda posts first annual loss in 70 years after $9 billion EV hit and tariff shock

EV costs balloon past $9 billion as tariffs bite

Honda Motor reported its first annual loss in nearly 70 years, sliding to 414.3 billion yen. The company blamed U.S. tariffs and steep restructuring costs tied to its electric vehicle push, with EV-related losses topping $9 billion. Honda said more expenses may follow but expects to swing back to profitability within the current fiscal year.