In the U.S., buying a new car is a significant investment, with average prices reaching around $48,641 in January 2025. While many consumers focus on the sticker price, it's essential to consider factors like quality, fuel economy, and long-term ownership costs to ensure they get the best value. A recent study identified top models across various segments, highlighting brands like Honda and Hyundai for their outstanding value and performance.
It's only March, but we've already seen a surprising business story for 2025. CNBC reports that car manufacturers like Honda and Toyota are involved in this unexpected news.
With cars becoming more connected, car manufacturers view access to space as a valuable investment.
According to a report from Reuters, Honda Motor (HMC) intends to manufacture its upcoming Civic hybrid in Indiana instead of Mexico to steer clear of potential tariffs.
Honda Motor (NYSE:HMC) is moving the production of its upcoming Civic hybrid to Indiana to avoid possible US tariffs on imports from North America, as reported by US media. Initially, the company intended to manufacture this model in Mexico beginning in 2027.
Honda has chosen to manufacture its next-generation Civic hybrid in Indiana, USA, rather than in Mexico. This decision is aimed at avoiding possible tariffs on one of its best-selling car models, as reported by three sources who are knowledgeable about the situation.
Honda is the newest big company to think about moving its manufacturing to the US after Trump announced his intention to impose a 25% tariff on goods from Mexico and Canada.
Japan's strong abilities in trade diplomacy may allow for some reduction of Donald Trump's tariffs, although it might not be very likely.
HMC's performance may be negatively affected by falling revenues in the Power Products division, increased research and development costs, and growing debt.
Foxconn from Taiwan has suggested a collaboration with Honda Motor in Japan. They want to establish a partnership that also involves competing car manufacturers Nissan Motor and Mitsubishi Motors, according to a report from the Nikkei newspaper on Friday.