EconomyEXCLUSIVE: Honda tells suppliers to cut costs in $9 billion push to fend off China, documents show

Honda aims to reduce costs by more than $9 billion over the next four years and has directed suppliers to sharply lower their prices, according to internal documents and a person familiar with the matter, as it seeks to counter competition from China.

Hondasupplierscost cuttingChina competition

RReuters★★★☆☆2026-09-02 03:50Original