Tuesday, February 10, 2026 at 8:12 AM
Honda reported a 42% drop in profit for the nine months through December, attributing the decline to U.S. tariffs and a slowdown in electric vehicle sales, while maintaining its annual profit forecast.
Companies are taking big losses and making moves to reduce electric-vehicle capacity amid regulatory changes and cooling demand.
Detroit automaker reported its largest ever quarterly loss on EV-related charges.
PG&E’s fourth-quarter net income fell from a year ago but the California power producer boosted the lower end of its projection for 2026 adjusted earnings.
The Dearborn, Mich., carmaker said that it has sold a total of 135,362 vehicles in the U.S. last month, a 5.3% decline over the prior-year period.
