当"关税推高通胀"的经典逻辑再度被特朗普的贸易政策推上舞台，美国市场却演绎出截然不同的剧本。日本车企在高关税下非但没有提价转嫁成本，反而 集体降价"以价换量"，由此意外形成了一道抑制美国通胀的"无声缓冲层"。 本文以日本汽车产业为切口，从利润数据与价格曲线的细微变化入手，追踪关税、利润与通胀之间的复杂传导路径。作者以"三幕"展开分析：从日本车企 的被动降价，到全球制造业的"降价接力"，再到利润与库存双重透支下的通胀回涌，揭示了政治力量如何短暂重塑市场逻辑、而经济规律终将反噬的深层 矛盾。 第一幕：以价换量日本车企在高关税下的"牺牲"策略 在高关税的压力下，日本车企几乎难逃"降价宿命"，本部分计划循着现象、原因、理论的脉络来拆解这一现象的表与里。 在这场看似微观的价格博弈背后，是地缘政治、货币政策与全球供应链的三重共振——这是一场关于通胀的"隐退"与"回归"的全球叙事。 引言：关税上调，价格下探——日本车企的"逆向逻辑" 4月2日，特朗普宣布将对各国进口商品征收"对等关税"。次日起，所有非美生产的汽车被加征高达25%的进口税率，导致该行业的总关税达到27.5%（此 前已有2.5%基本税率）。 一般来说，关税将显 ...

Core Insights - Honda's leading position in Vietnam's motorbike market is being challenged due to government initiatives promoting a swift transition to electric vehicles (EVs) [1] - The push for EVs is expected to benefit local manufacturer VinFast, which is positioned to capitalize on this shift [1] Industry Impact - The Vietnamese government is actively encouraging the adoption of electric vehicles, which may disrupt traditional motorbike sales dominated by Honda [1] - The transition to EVs aligns with global trends towards sustainability and reducing carbon emissions, potentially reshaping the automotive landscape in Vietnam [1] Company Implications - Honda may face increased competition from VinFast as the latter seeks to expand its market share in the emerging EV segment [1] - The shift towards electric mobility could necessitate strategic adjustments from Honda to maintain its market leadership in Vietnam [1]

Columbus, Ohio, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Honda Research Institute USA, Inc. (HRI-US), Ohio Gov. Mike DeWine and JobsOhio today announced a $2.6 million investment to expand Honda’s advanced research presence in Ohio with a new Advanced Materials Science Lab on The Ohio State University SciTech Campus. This investment strengthens Ohio’s position as a global hub for mobility research, development, and manufacturing. The new HRI-US lab, scheduled to open in the fourth quarter of 2025, will support col ...

The Ayala Corporation revealed that it has decided to exit its dealership business with Honda in the Philippines by the end of the year, bringing to an end a partnership that has been running for more than three decades. The Philippine conglomerate announced the decision jointly with the Japanese automaker’s local subsidiary, Honda Cars Philippines Inc. Ayala confirmed that its ACMobility unit has decided to transfer its Honda dealership business across the Philippines, operated by its Iconic Dealership I ...

Company Developments - Bayer (BAYN) shares faced a significant decline of 4%, marking their worst trading day since August 6, reflecting ongoing investor concerns [2][9] - Ayala Corporation (AC) is strategically ending its long-term dealership partnerships with Honda (HMC) and Volkswagen (VWAGY) by the end of 2025, focusing on electric vehicles (EVs) and next-generation mobility solutions [3][9] Industry Trends - China, the world's largest crude oil importer, is expanding its strategic oil reserves by adding eleven new sites, aiming to increase storage capacity by at least 169 million barrels by 2026 to enhance energy security amid global market volatility [4][9] - Political instability in France is escalating, with calls for President Emmanuel Macron to resign following the resignation of Prime Minister Sébastien Lecornu, which could impact the broader economic environment [5][9] - In Japan, the Komeito party expressed significant concerns to the new Liberal Democratic Party (LDP) leader, Sanae Takaichi, regarding her conservative stances, which may affect the stability of the ruling coalition [6][9]

Core Viewpoint - The Trump administration is considering significant tariff reductions for automakers producing vehicles in the U.S., which could substantially lower their current tariff costs [1][2]. Group 1: Tariff Reduction Plan - The proposed plan would benefit major automakers with domestic production in the U.S., including Ford, Toyota, Honda, Tesla, and General Motors, potentially exempting them from import tariffs [1]. - Current tariff relief under a previous plan allows for a deduction of 3.75% of the manufacturer's suggested retail price, set to decrease to 2.5% after April 2026; the Trump administration is contemplating maintaining the 3.75% level for an additional five years and expanding the deduction to include domestic engine production [1]. Group 2: Cost Pressures on Automakers - The U.S. automotive industry is facing high cost pressures due to tariffs, with General Motors estimating a $5 billion cost impact and Ford projecting an additional $3 billion in expenses [2]. - Since May, the Trump administration has imposed a 25% tariff on over $460 billion worth of automotive and parts imports, further increasing the financial burden on automakers [2]. Group 3: Electric Vehicle Market Trends - The U.S. electric vehicle market has seen a significant surge, with over 1 million pure electric vehicles sold in the first three quarters of the year, and a record 438,000 units sold in Q3 alone, raising the market share to 10.5% [2]. - Tesla remains the market leader with a 43.1% share, although it has decreased from 49% at the end of last year; General Motors has increased its market share from 8.7% to 13.8%, ranking second [2]. Group 4: Future Concerns for Electric Vehicle Market - The termination of the federal $7,500 purchase subsidy at the end of September raises concerns about a potential decline in the electric vehicle market, with forecasts suggesting a possible drop in market share from 10%-12% to 5% in the short term [5]. - Comparatively, the U.S. lags behind in zero-emission vehicle adoption, with China and Europe having significantly higher sales figures [5].

Core Viewpoint - The automotive industry is experiencing a positive shift in stock prices due to potential tariff relief being considered by the Trump administration, which could significantly reduce costs for major car manufacturers in the U.S. [1][2] Group 1: Investment and Production Developments - General Motors is set to begin production at the renovated Detroit-Hamtramck assembly plant, following a $2.2 billion investment aimed at producing all-electric trucks and SUVs [1] - Ford shares reached a new 52-week high of $12.66, reflecting investor optimism amid potential tariff relief [4] Group 2: Market Reactions and Stock Performance - Shares of General Motors, Ford Motor, and Stellantis rose approximately 2% to 4% following reports of potential tariff changes [2] - Tesla's shares declined by about 2%, contrasting with gains seen by other automakers like Honda and Toyota [3] Group 3: Tariff Implications - The Trump administration's tariffs of 25% on imported vehicles and parts have been a significant concern for the automotive industry, leading to billions in increased costs [3] - Proposed changes may include extending a 3.75% tariff offset for five years and adding U.S. engine production to the relief, which could benefit major manufacturers like Ford, Toyota, Honda, Tesla, and GM [2]

Rapid City, South Dakota, Oct. 02, 2025 (GLOBE NEWSWIRE) -- All Kids Bike, the nonprofit organization on a mission to teach every child in America how to ride a bike, today announced a $100,000 contribution from Honda in support of their All Kids Bike Kindergarten PE Learn-to-Ride Program. As a result, kindergarteners in communities near Honda operations will gain essential bike riding and traffic safety skills through this program. Associates from Honda will be volunteering to assemble bikes and participat ...

本田摩托车销售（上海）有限公司将免费为召回范围内的摩托车更换改进后的手把多功能开关，以消除 安全隐患。 本田摩托车销售（上海）有限公司将委托授权经销商，以挂号信、电话等方式通知相关用户。此外，也 可登录市场监管总局召回中心网站www.samrdprc.org.cn，关注微信公众号（SAMRDPRC），了解更多 信息，反映缺陷线索。 经济观察网 据市场监管总局网站消息，日前，本田技研工业（中国）投资有限公司授权、委托本田摩 托车销售（上海）有限公司根据《缺陷汽车产品召回管理条例》和《缺陷汽车产品召回管理条例实施办 法》的要求，向国家市场监督管理总局备案了召回计划。 召回编号S2025M0160V：自2026年2月1日起，召回2020年2月27日至2024年10月1日期间生产的部分进 口2020-2024年款CRF1100L型摩托车，共计1415辆。 本次召回范围内的部分车辆，由于设计问题，导致手把多功能开关上的线束接头部位生成氧化物，造成 电阻值上升，线束导通不良。极端情况下，可能引发喇叭不响，前照灯不能从近光切换为远光，存在安 全隐患。 ...

Honda Motor reported a downturn in its automobile production in August 2025, with Japan seeing a drop to 44,586 units, a decrease to 88.4% year-on-year (YoY). It represents the first YoY decline in three months. Honda's total production in Japan from January to August 2025 was 438,531 units, which is 98.5% of the production during the corresponding period in 2024. Production outside Japan also fell to 222,419 units in August 2025, which is 86.7% of the 256,602 units produced in the same month of the pre ...