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Stock impact report

Tariffs push Nissan to halt U.S. orders for SUVs built in Mexico [BNN Bloomberg (Canada)]

Honda Motor Company, Ltd. (HMC) 
Last honda motor company, ltd. earnings: 2/7 03:16 am Check Earnings Report
US:NYSE Investor Relations: world.honda.com/investors
Company Research Source: BNN Bloomberg
New orders for the QX50 and QX55 variants manufactured in Mexico will be paused, the Yokohama-based company said in a statement Friday. It also decided to maintain production of the Rogue model at its plant in Smyrna, Tennessee, partially reversing a previously announced plan to cut output as part of a broad effort to restructure the flailing business. Within hours of taking effect, Trump's 25% tariffs on imported cars this week forced many brands to halt plants or offer steep discounts to placate customers. “We are reviewing our production and supply chain operations to identify optimal solutions for efficiency and sustainability,” Nissan said. “The company currently has ample inventory at our U.S. retailers that is unaffected by the new tariffs.” In January, the Japanese carmaker said it was going to cut jobs and output at its plants in Smyrna, Tennessee and Canton, Mississippi by eliminating one work shift at each location in mid-April. More than half of Nissan's US sales ar Show less Read more
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