Honda

CEO Toshihiro Mibe says Honda should wait out U.S. elections, tariff talks before taking ‘drastic’ action to shuffle factory footprint

Honda CEO Toshihiro Mibe, seen here giving a business plan update May 20 in Tokyo, says the company will scale back investment in EVs and focus on hybrids instead.
Honda CEO Toshihiro Mibe says the company should wait longer to see how trade talks and U.S. midterm elections shake out before drastically overhauling its North American production strategy. (HANS GREIMEL/AUTOMOTIVE NEWS)
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By:
Hans Greimel
May 20, 2025 12:09 PM

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