Business
Tesla profit rises but remains well below 2022 levels
Tesla earned $477 million in Q1 2026, up from $409 million a year earlier, as sales rose 16 percent to $22.4 billion.
Business
Honda posts first annual net loss since 1957 listing
The Japanese automaker reported a net loss for fiscal 2025 and aims to return to profitability in fiscal 2026.
1:46 PM
Business
Honda reported its first annual net loss since its listing in 1957, marking a significant milestone for the Japanese automaker. The loss occurred in fiscal year 2025, according to reports from May 11 and May 12, 2026.
The company has outlined plans to return to profitability in fiscal year 2026. Officials said the automaker is working to address the factors that contributed to the loss and restore financial performance in the coming year.
The loss represents a departure from Honda's long history of profitability since going public nearly seven decades ago. The company, which manufactures automobiles, motorcycles, and power equipment, has maintained net profits throughout its tenure as a publicly listed corporation until this fiscal year.
Honda's announcement came as the automotive industry faces ongoing challenges, including shifts in market demand and competitive pressures. The company's financial results reflect broader industry dynamics affecting major manufacturers during this period.
The automaker's stated objective to achieve profitability in the next fiscal year indicates management confidence in its recovery strategy. Details regarding specific operational or strategic changes to support this turnaround were referenced in reports from May 10 and May 11, 2026.
Related Articles
Technology
Meta to cut 10% of workforce as AI investment accelerates
Meta will lay off approximately 8,000 employees starting May 20 and halt hiring for 6,000 open positions.
Economics
US GDP grows 2% in first quarter as consumer spending slows
First-quarter economic growth accelerated to 2%, driven by AI investment and government spending, while consumer spending weakened amid Iran war energy costs.
Business
Netflix co-founder Reed Hastings steps down as chairman
Hastings, 65, will not seek re-election at June annual meeting to focus on philanthropy. Stock fell 8-9% on the announcement.
Business
Coinbase cuts 14% of workforce, citing AI acceleration
The cryptocurrency exchange is laying off roughly 700 employees and restructuring operations to reduce costs and integrate artificial intelligence across its business.
Business
Spirit Airlines shuts down after failed $500 million bailout
The ultra-low-cost carrier ceased operations Saturday after rescue talks with the Trump administration collapsed, affecting 17,000 employees and canceling all flights.
