Latest News Updates From Yuri Kageyama

Under the deal, Nissan and Honda will share standardized parts in “core ECUs,” or electronic control units, as well as software.

Okuda served as president then chairman of Toyota from 1995 through 2006. He is especially remembered for having led the development of the gas-electric hybrid Prius, introduced in 1997.

The Japanese automaker recorded a $9.4 billion net profit in the April-June period. Quarterly sales rose 10% year on year.

Honda forecast a return to profit for the fiscal year through March 2027, at $1.7 billion.

Quarterly sales declined nearly 2% to $22 billion. Nissan said it was working on cost cuts and other efforts to become more profitable.

The United States has imposed a 15% tariff on most imports from Japan. Another concern is the impact on Japanese manufacturing, including automakers, from China’s curbs on exports of rare earths.

President Donald Trump placed a 15% tax on goods imported from Japan. It's a heavy burden for the major U.S. ally, but shipments to the rest of Asia are helping to offset lost sales.

Honda lowered its profit projection for the fiscal year through March 2026 to $2 billion, which would be a decline of 64% from the year before.

An Ariya model with Wayve technology will be available in 2027.