Lee meets Hyundai Motor chief for possible investment talks

U.S. President Trump announced a 50% tariff on Canadian-made cars, trucks, and automotive parts starting January 2024. Analysts believe this will impact Toyota and Honda's Canadian manufacturing operations and profits.

Honda's Q1 profit more than doubled to $2.9B YoY, with sales up 13.5% to $38B. Strong U.S. and India vehicle sales offset struggles in China. EV plans scaled back due to costs and policy changes. Honda raised its annual profit forecast to $2.5B. Favorable exchange rates and motorcycle sales boosted results.

Honda Motor Co Ltd (HMC) announced a $9.4B cost-saving plan by 2030 to counter Chinese competition. Shares fell 2.5% after the news. HMC's P/S ratio is 0.31, below historical and industry norms, indicating market skepticism. GF Value™ suggests it's 5.4% undervalued at $32.03. Institutional interest is mixed, with 6 gurus trimming and 2 adding positions.

Honda Motor Co. (HMC) plans $9.4B cost cuts by 2030 to address EV losses exceeding $12B, shifting focus to hybrids. Current P/S ratio is 0.38, below historical median. GF Score is 71/100, with strong profitability and growth but weak momentum.

Honda Motor aims to cut costs by 1.5 trillion yen, asking suppliers to reduce prices. The company's shares have seen a 5-day change of -2.37% and a 1st Jan change of +1.05%. This initiative is part of broader efforts to improve financial performance.

Honda (7267) aims to cut $9.4 billion in costs by 2030, targeting 30% reductions in key components, as it competes with Chinese EV makers like BYD (1211). The company is urging suppliers to lower prices and source more parts from lower-tier, including Chinese, manufacturers. Honda reported its first annual loss in May, shifting focus to gasoline-electric hybrids.