Kathmandu. Last month, Honda’s chief executive, Mibe Toshihiro, said the company was making losses for the first time since 1957. He took responsibility for the failure and announced a 30 percent pay cut for himself and his assistant. However, Honda is not the only Japanese car company to face serious difficulties. <\/p>\n
Last week, Mibe warned that Japan’s automobile industry was facing an existential crisis. A 25 percent tariff on cars imported from the U.S. has reduced the industry’s profits. Chinese adversaries have had the most impact. <\/p>\n
Nissan, the world’s sixth-largest company by sales, is experiencing production cuts for the second year in a row. There are plans to close 7 factories by 2028. <\/p>\n
In 2019, Japanese car companies accounted for 31% of global car sales. It fell to 26 percent last year. <\/p>\n
Meanwhile, Southeast Asia’s market share fell from 68 percent in 2023 to 57 percent in 2025. <\/p>\n
Last year, 26 percent of the global car market was electric. That includes hybrids. This is an increase of 3 percent compared to 2019. Sales are higher in Japan. Last year, a third of cars sold in Asia were electric. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Last month, Honda’s chief executive, Mibe Toshihiro, said the company was making losses for the first time since 1957. He took responsibility for the failure and announced a 30 percent pay cut for himself and his assistant. However, Honda is not the only Japanese car company to face serious difficulties. Last week, Mibe warned […]<\/p>\n","protected":false},"author":16,"featured_media":237415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45043,45159],"tags":[],"class_list":["post-294883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=294883"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294883\/revisions"}],"predecessor-version":[{"id":294884,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/294883\/revisions\/294884"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/237415"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=294883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=294883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=294883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}