Core Viewpoint - The impact of U.S. President Donald Trump's tariff policy on automakers is currently difficult to quantify, with Japanese automakers Toyota and Honda expecting a combined hit of over $12.5 billion this year, but the uncertainty surrounding policy details makes these predictions subject to change [1][2] Group 1: Financial Impact - Honda has raised its operating profit forecast for the fiscal year ending March 2026 to 700 billion yen (approximately $4.76 billion), which is still 40% lower than last year's profit level [1] - Toyota anticipates a one-third decline in annual operating profit for the current fiscal year [1] Group 2: Tariff and Trade Agreement Uncertainty - The U.S.-Japan trade agreement has reduced the threatened auto import tariff from 27.5% to 15%, but the agreement has not yet been formalized, leaving room for changes in details [1] - Both Honda and Toyota have set a 25% tariff on vehicles imported from Canada and Mexico, where they produce a significant number of cars for the U.S. market, while assuming exemptions for parts imported from these regions [2] Group 3: Strategic Responses and Risks - Honda is considering increasing production capacity in the U.S. by adding shifts and potentially outsourcing some production to Nissan's U.S. plants, which may lead to higher manufacturing costs [2] - Toyota has remained silent on price increases related to tariffs, and many industry peers have chosen not to raise prices, fearing loss of market share or backlash from Trump [2] - The assumptions behind the latest forecasts are not to be taken too seriously, creating a significant blind spot for automakers and shareholders [2]

Core Points - Toyota's subsidiaries in China have filed a recall plan with the State Administration for Market Regulation due to safety concerns related to certain vehicle models [1] Group 1: Recall Details - FAW Toyota Motor (Chengdu) Co., Ltd. will recall 54,143 units of the domestic Avalon models produced between June 24, 2024, and February 10, 2025, starting from September 30, 2025 [2] - Toyota Motor (China) Investment Co., Ltd. will recall 79 units of the World Extreme models produced between June 20, 2023, and February 14, 2025, and 6,866 units of Lexus LM500h, LM350h, and LS500h models produced between June 29, 2023, and April 18, 2025, along with 35,054 units of imported Toyota Alphard, Crown Vellfire, and Crown SportCross models produced between May 31, 2022, and May 21, 2025, starting from August 7, 2025 [2] - FAW Toyota Motor Co., Ltd. will recall 302 units of Corolla, Asian Lion, and Corolla Cross models produced between May 12, 2023, and March 4, 2025, starting from September 30, 2025 [3] Group 2: Safety Concerns - The recalled vehicles may experience a black screen on the instrument panel during initial startup due to improper control program settings, which poses a safety risk [3] - The company will provide free upgrades to the instrument panel control program for non-PHEV models and will inspect PHEV models to either upgrade or replace the instrument panel based on inspection results to eliminate safety hazards [3]

Core Viewpoint - Toyota is recalling a total of 100,000 vehicles in China due to a safety issue related to the instrument panel control program, which may cause a black screen at startup, preventing the display of speed and warning lights [1] Group 1: Recall Details - FAW Toyota Motor (Chengdu) Co., Ltd. is recalling 54,143 units of the domestic Avalon model produced between June 24, 2024, and February 10, 2025, starting from September 30, 2025 [1] - Toyota Motor (China) Investment Co., Ltd. is recalling 79 units of the Sienna model, 6,866 units of Lexus LM500h, LM350h, LS500h models, and 35,054 units of imported Toyota Alphard, Crown Vellfire, and Crown SportCross models, all produced within specified dates [1] - FAW Toyota Motor Co., Ltd. is recalling 302 units of Corolla, Asian Lion, and Corolla Cross models produced between May 12, 2023, and March 4, 2025, starting from September 30, 2025 [1] Group 2: Safety Measures - The vehicles affected will receive a free upgrade of the instrument panel control program for non-PHEV models, while PHEV models will be inspected and may receive either a free upgrade or replacement of the instrument panel based on inspection results [1]

但特朗普8月7日宣称，美国将对进口半导体产品征收100%关税，并强调这一税率将适用于"所有进入美 国的芯片和半导体"。日方此前的希望恐怕又要落空。 其实，日美这番关税"乌龙"早就有迹可循。日美关税谈判后一直未制定协议文件，相当于只有口头协 议，日本在野党对此早有异议。石破茂4日在众议院预算委员会会议上称，"与达成协议相比，付诸实施 更难。担心制定文件会拖慢关税下调。"赤泽亮正也保证"只要有总统令即可，不需要有协议文件"。 但白宫7月31日公布的总统令中并未体现税率细则。赤泽亮正8月5日在参议院预算委员会会议上解释 称，已向美方确认"与欧盟（15%）相同"。到了5日，美国海关公布新的"对等关税"相关文件后，日本 就发现"不对劲"：美国海关文件显示所有日本商品加征15%关税。于是赤泽亮正当田紧急赴美，向卢特 尼克"要说法"。 日美间关税麻烦还不止这些。按日方说法，日美已就将汽车及零部件关税从目前27.5%下调至15%达成 一致，但具体下调时间不得而知。据共同社报道，受汽车关税影响，丰田、本田等日本七大汽车商2025 财年合并营业利润最多将缩水约2.67万亿日元（约合1302亿元人民币），这个规模达到七家车企列入上 ...

Group 1 - Toyota has revised its earnings forecast for the fiscal year 2025, expecting a net profit decrease of 44.2% to 2.66 trillion yen and an operating profit decrease of 33.3% to 3.2 trillion yen [1] - In the first fiscal quarter, Toyota's sales increased by 3.5% year-on-year to 12.25 trillion yen, achieving a historical high; however, net profit declined by 36.9% to 841.3 billion yen [1] - The global expansion of Toyota began in the 1950s-60s, with significant growth in export volumes, particularly in the Middle East, where exports rose from 281 units to 12,000 units over six years [1] Group 2 - Japanese automakers, including Toyota, have pursued overseas expansion as a second growth curve after reaching domestic sales bottlenecks, particularly since the 1990s [4] - The average annual decline in domestic sales for Toyota was 2% due to a shrinking local market, while overseas localization efforts achieved an average annual growth rate of over 9% [4] - Future strategies for Chinese automakers may focus on leveraging electric vehicle advantages in international markets, particularly in regions with high consumer preference for electric vehicles and supportive policies [4]

Group 1 - The core point of the article is that Japanese automakers, including Toyota and Honda, are expected to see a significant reduction in operating profits due to U.S. government tariffs on automobiles, with a projected decrease of approximately 2.67 trillion yen (about 130.2 billion yuan) for the fiscal year 2025 [1][4] - This reduction in profits represents more than 30% of the total operating profits of the seven automakers for the previous fiscal year [4] - In response to the anticipated profit decline, the companies plan to implement measures such as cost-cutting and changing export destinations [4]

Group 1: Automotive Events and Initiatives - The 28th Chengdu International Auto Show will be held from August 29 to September 7, with new car purchase subsidies available in Jinjiang and Chenghua districts, offering up to 4,500 yuan and 6,500 yuan respectively for eligible buyers [1] - Wuhan Economic Development Zone plans to launch 20 new energy vehicles by the end of the year, providing more options for consumers [2] - Audi's first strategic electric model, the E5 Sportback, will begin pre-sales on August 18, featuring advanced technology tailored for Chinese users [2] Group 2: Company Performance and Developments - Li Auto has received a patent for a new crash beam design that reduces vehicle weight and cost while enhancing safety features [3] - Honda's terminal vehicle sales in China for July 2025 were 44,817 units, a year-on-year decrease of 14.75%, with cumulative sales for the first seven months at 359,969 units [3] - Seres reported July 2025 new energy vehicle sales of 44,581 units, a year-on-year increase of 5.7%, while cumulative sales for the year were down 10.87% [3] Group 3: Market and Regulatory Updates - Evergrande Auto announced it failed to meet the Hong Kong Stock Exchange listing requirements and will remain suspended until compliance is achieved by September 30, 2026 [4] - Tesla has established over 70,000 supercharging stations globally, with more than 11,700 in China [5] - Toyota plans to acquire land in Aichi Prefecture, Japan, for a new manufacturing plant expected to be operational in the early 2030s [6] Group 4: Collaborations and Supply Agreements - Hyundai and General Motors announced plans for five jointly developed models, targeting a combined annual sales of over 800,000 units once fully operational [6] - General Motors signed a multi-year supply agreement with Noveon Magnetics for rare earth magnets for various automotive components [6] Group 5: Economic Impact and Profit Forecasts - Japanese automakers, including Toyota and Honda, anticipate a combined operating profit reduction of approximately 2.67 trillion yen (about 130.2 billion yuan) in the 2025 fiscal year due to U.S. tariffs [6]

Group 1 - The core viewpoint is that Japanese automakers, including Toyota and Honda, are expected to see a significant reduction in operating profits due to U.S. government tariffs on automobiles, with a projected decrease of approximately 2.67 trillion yen (about 130.2 billion yuan) for the fiscal year 2025, which represents over 30% of the previous fiscal year's operating profits for these companies [2] Group 2 - The companies plan to implement countermeasures, including cost-cutting and changing export destinations, to mitigate the impact of the tariffs [3]

Five things to know ahead of today's opening bell. Toyota says it expects a nearly $10 billion profit hit due to President Trump's tariffs on cars imported to the US. That's the highest forecast yet by any company.Toyota's finance chief said the total includes fallout that suppliers are facing. Profits at Elf Beauty fell 30% in the company's fiscal first quarter. Duties on Chinese imports beginning to affect the cosmetic industry's bottom line.Softbake reporting a $4.8% billion rise in the value of its visi ...

同时，丰田汽车下调了全年经营利润预期，预计全年经营利润3.2万亿日元，此前预计3.8万亿日元。丰 田汽车仍维持全年全球汽车销量1120万辆的预测，但预计美国关税将导致财年营业利润下降1.4万亿日 元。 北京商报讯（记者 蔺雨葳）8月7日，丰田汽车发布2026财年第一季度（2025年4—6月）业绩，公司当 季销售额虽同比增长3.5%至12.25万亿日元，但营业利润却同比下降11%至1.17万亿日元，净利润同比下 跌37%至8414亿日元。 ...