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Grafa

Honda operating profit plunges 61% as U.S. tariffs and EV slowdown hit results

Honda Motor (NYSE:HMC) reported on Tuesday, February 10, 2026, that its fiscal third-quarter operating profit tumbled 61.4% as the company navigates a perfect storm of U.S. trade tariffs and a costly pivot in its electric vehicle strategy.

Read more: Honda operating profit plunges 61% as U.S. tariffs and EV slowdown hit results
Grafa
Auto and cars

Motorcar Parts of America weathers customer consolidation as net income hits $1.8M

Motorcar Parts of America (NASDAQ:MPAA) reported a dip in third-quarter revenue on Monday, as a major customer’s store closures and distribution center consolidations created a temporary headwind for the automotive aftermarket supplier.

Read more: Motorcar Parts of America weathers customer consolidation as net income hits $1.8M