financetom
Business
financetom
/
Business
/
Honda to procure Toyota's US-made batteries in tariff response, Nikkei reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Honda to procure Toyota's US-made batteries in tariff response, Nikkei reports
Mar 17, 2025 6:44 AM

TOKYO (Reuters) - Japanese automaker Honda Motor ( HMC ) will procure batteries for its hybrid vehicles from Toyota Motor's ( TM ) plant in the United States in an effort to reduce tariff risks under the Trump administration, the Nikkei newspaper reported on Monday.

From fiscal 2025, Japan's second-biggest automaker will take in Toyota's ( TM ) U.S.-made batteries for about 400,000 vehicles, which will be enough for all of its hybrid cars it sells in the country, the newspaper said.

A Honda ( HMC ) representative said the information was not released by the company, adding it does not disclose where it sources its parts for mass production. Toyota ( TM ) declined to comment.

Honda ( HMC ) currently sources batteries for the cars it assembles in the U.S. from Japan and China but is bracing for potential tariffs under Trump, the Nikkei added.

The move to source batteries in the U.S. would mark Honda's ( HMC ) latest step to shield itself from a possible tariff war.

Honda ( HMC ) decided to produce its next-generation Civic hybrid in the U.S. state of Indiana, instead of Mexico, to avoid potential tariffs on one of its top-selling models, people familiar with its plans told Reuters earlier this month.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed Interest Rate Decision and a Potential Merger: Crypto Week Ahead
Fed Interest Rate Decision and a Potential Merger: Crypto Week Ahead
Oct 27, 2025
The crypto market will be watching this week to see whether bitcoin (BTC) and ether (ETH) can make a meaningful move to break a level of support or resistance, or whether the rangebound behavior will continue. There are a number of market catalysts over the coming week; notably a Core Scientific ( CORZ ) virtual meeting on Oct. 30, which...
HSBC Sets $1.1 Billion Provision After Luxembourg Ruling in Madoff Case
HSBC Sets $1.1 Billion Provision After Luxembourg Ruling in Madoff Case
Oct 27, 2025
05:13 AM EDT, 10/27/2025 (MT Newswires) -- HSBC Holdings ( HSBC ) said Monday its Luxembourg unit had its appeal rejected on the securities claim, but its cash claim appeal was accepted in the Herald Fund case, and it plans on filing a second appeal. The case relates to the Bernard Madoff Investment Securities fraud and a 2009 Luxembourg lawsuit...
Microsoft Sued by Australian Watchdog for Misleading Customers Over Subscription Plans
Microsoft Sued by Australian Watchdog for Misleading Customers Over Subscription Plans
Oct 27, 2025
05:03 AM EDT, 10/27/2025 (MT Newswires) -- Microsoft ( MSFT ) is being sued by the Australian Competition and Consumer Commission for allegedly misleading millions of customers over communications regarding subscription plans and price increases following integration of its Copilot artificial intelligence assistant into Microsoft ( MSFT ) 365, the regulator said Monday. For almost a year, the technology giant...
Comply Acquires Trailight to Accelerate Global Expansion and Create the Industry’s First Fully Integrated Firm and Employee Compliance Platform
Comply Acquires Trailight to Accelerate Global Expansion and Create the Industry’s First Fully Integrated Firm and Employee Compliance Platform
Oct 27, 2025
LONDON & NEW YORK--(BUSINESS WIRE)-- Comply, the leading provider of regulatory and compliance technology solutions for financial firms, today announced it has acquired Trailight, the U.K.’s leading provider of purpose-built solutions for managing conduct risk, competence frameworks, and global accountability regimes. With the addition of Trailight, Comply becomes the first and only unified compliance platform to bring together firm compliance,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved