Honda's global vehicle output drops 4.5% in May
In the first five months of 2025, the company produced a total of 1,447,358 vehicles globally, down by just over 9% from 1,592,529 units a year earlier, with domestic output falling by over 4% to 265,337 units, while overseas production dropped by 10% to 1,182,021 units.
Exports from Japan increased by 4% to 39,932 units year-to-date, underpinned by a fivefold increase in exports to the US to 10,268 units, while exports to Europe plunged by 37% to 15,612 units.
Vehicle production in Asia outside Japan declined by 23% to 445,872 units so far this year, driven lower by a 28% plunge in Chinese output to 257,505 units, while production in North America declined by just over 1% to 693,386 units in this period, driven lower by an almost 4% drop in US output to 423,743 units.
"Honda's global vehicle output drops 4.5% in May" was originally created and published by Just Auto, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
What to know if you're at risk of having your wages garnished over student loan debt
NEW YORK (AP) — Millions of student borrowers could begin having their wages garnished as soon as this summer, according to estimates from credit bureau TransUnion. The company predicts that by August roughly 3 million borrowers could move into default, meaning they're 270 days past due on payments. At that point, loan holders are at risk of having 15% of their pay docked by the government, with the money going toward the outstanding debt. There has been no clear indication of when wage garnishment will start. After the pandemic-era pause on student loan payments ended in May, borrowers have had to reassess the state of their loans and budgets. According to TransUnion, another 2 million borrowers are on course to default in September. A Biden-administration grace period, during which late or missed payments were not counted against credit scores, ended in the fall. Since then, millions of borrowers have seen hits to their credit ratings. Here's what to know: What you can do to prepare 'The most important thing borrowers can do before administrative wage garnishment restarts is to log into to check whether their federal student loans are in default and take steps now to remove them from default,' said Kyra Taylor, staff attorney at the National Consumer Law Center. Taylor said it's not uncommon for borrowers to be unaware that their loans are in default. If borrowers attended college or graduate school during different periods of time, or if they have different federal loan types, they may also have multiple student loan servicers. If that's the case, you should act now to get your loans out of default and back into good standing by either entering a rehabilitation agreement, where you must make nine consecutive payments based on their income, or by consolidating your loans into a new federal Direct Loan. 'Because this hasn't happened for so long, there are many people who have no idea they're at risk," said Aissa Canchola Bañez, policy director at the Student Borrower Protection Center. Wait times for student borrowers attempting to contact their loan servicers have been long, with many dropped calls, in part due to layoffs at the Education Department. Bañez recommends contacting your congressperson, using a casework tool that can guide you through submitting a constituent request. 'These offices have entire teams dedicated to constituent casework for when you have an issue with a federal agency, such as the Department of Education,' she said. 'So you can request assistance from your member of congress — your representative or senator.' What happens if you remain in default Until past due payments are paid or the loan's default status is resolved, borrowers are at risk of having up to 15% of their wages deducted directly from their paychecks. The Department of Education has sent notices to borrowers warning that tax refunds and wages could be withheld starting this summer if borrowers don't take steps to restart payments. The department hasn't yet provided additional information on timing. Richelle Brooks, 37, an education administrator based in Los Angeles, said she's received warnings and notices about the resumption of collection of her loans. For several degrees, she still has $239,000 in outstanding debt, and she was informed her monthly payments on those loans will be roughly $3,000. 'I can't afford it,' she said. 'We just came out of the moratorium — not paying for five years. People getting these notices — they're terrified. I'm uneasy, too." Brooks said she's an informed borrower who stays up to date on each development and who knows her options. She plans to enroll in coding classes, at least half-time, which could place her loans in deferment, so she wouldn't be required to make monthly payments, while she makes a financial plan. Some options if you fear your wages will be garnished There's still time to take action. According to Taylor, the Department of Education must provide 30 days notice before it sends a garnishment order to your employer. During that time, you can request a hearing to object by telling the department that the garnishment would cause you financial hardship. You can also request that the department reduce the amount being garnished and submit documentation about your income and expenses. To do this, you must make your hearing request in writing, postmarked no later than 30 days after the garnishment order. Your loan holder will then arrange the hearing. If you're unsure who your loan holder is, you can contact the Education Department's Default Resolution Group. If you were laid off from your last job, you can also object to garnishment if you have not been in your current job for 12 consecutive months. You can further request a hearing and object if you submitted an application for certain kinds of statutory discharges and those have not yet been decided. Some common reasons for statutory discharge of student loans include: if the school you attended closed before you could complete your degree, if your school owes you a refund but fails to pay it, if you're experiencing total disability, or if you're experiencing bankruptcy. 'If the borrower requests a hearing within 30 days after receiving the garnishment notice, the department cannot start garnishment until it issues a decision on the borrower's objections and financial hardship request,' Taylor said. You can request a hearing after the 30 day period is up, but in those cases the department will generally not stop garnishing your wages while the hearing request is pending. ___ The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.
Yahoo
22 minutes ago
- Yahoo
Living Paycheck to Paycheck? Try Suze Orman's Top 5 Money-Saving Tips
With around half of Americans reportedly living paycheck to paycheck, saving money might seem impossible. But financial guru Suze Orman has some surprisingly doable advice for squeezing savings out of even the tightest budget. Here are Orman's five best tips for how to save even when living paycheck to paycheck. Read Next: For You: Strike 'Can't' From Your Vocabulary 'You have to strike the word 'can't' out of your vocabulary,' Orman told CNBC. Instead of saying you can't save, start looking for places where money is slipping through the cracks. That $10 lunch out? It could be going into your retirement account instead. Make Yourself the Priority Think you're too broke to save? Orman said to look closer at your spending. According to she challenges everyone to cut utility bills by 10% (hello, lower electric bill!) and examine those credit card statements. There's usually some 'hidden money' in there you could redirect to savings. Learn More: Automate Everything Here's a trick that actually works: Have money whisked away before you can spend it. 'You will find that you do not miss it,' Orman explained to CNBC. Even $50 a month adds up — especially if you put it in a Roth IRA, where you can access your contributions if you really need them. Get Real About Wants vs. Needs Every time you're about to buy something, Orman suggests asking one simple question: 'Is this a want or is this a need?' Medicine and groceries? Needs. That new phone case? Probably a want. Being ruthless about this distinction can free up surprising amounts of cash. Build That Emergency Fund While it might seem impossible, Orman insists everyone needs an emergency fund covering eight to 12 months of expenses. Start small — even $20 a week adds up. 'The most important thing is that you have got to live a life below your means, but within your needs,' Orman said. You don't need to make six figures to start saving — you just need to be strategic about it. Start with what you can, automate it and slowly increase your savings as you find more 'hidden money' in your budget. More From GOBankingRates 10 Used Cars That Will Last Longer Than the Average New Vehicle This article originally appeared on Living Paycheck to Paycheck? Try Suze Orman's Top 5 Money-Saving Tips Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Associated Press
25 minutes ago
- Associated Press
What to know if you're at risk of having your wages garnished over student loan debt
NEW YORK (AP) — Millions of student borrowers could begin having their wages garnished as soon as this summer, according to estimates from credit bureau TransUnion. The company predicts that by August roughly 3 million borrowers could move into default, meaning they're 270 days past due on payments. At that point, loan holders are at risk of having 15% of their pay docked by the government, with the money going toward the outstanding debt. There has been no clear indication of when wage garnishment will start. After the pandemic-era pause on student loan payments ended in May, borrowers have had to reassess the state of their loans and budgets. According to TransUnion, another 2 million borrowers are on course to default in September. A Biden-administration grace period, during which late or missed payments were not counted against credit scores, ended in the fall. Since then, millions of borrowers have seen hits to their credit ratings. Here's what to know: What you can do to prepare 'The most important thing borrowers can do before administrative wage garnishment restarts is to log into to check whether their federal student loans are in default and take steps now to remove them from default,' said Kyra Taylor, staff attorney at the National Consumer Law Center. Taylor said it's not uncommon for borrowers to be unaware that their loans are in default. If borrowers attended college or graduate school during different periods of time, or if they have different federal loan types, they may also have multiple student loan servicers. If that's the case, you should act now to get your loans out of default and back into good standing by either entering a rehabilitation agreement, where you must make nine consecutive payments based on their income, or by consolidating your loans into a new federal Direct Loan. 'Because this hasn't happened for so long, there are many people who have no idea they're at risk,' said Aissa Canchola Bañez, policy director at the Student Borrower Protection Center. Wait times for student borrowers attempting to contact their loan servicers have been long, with many dropped calls, in part due to layoffs at the Education Department. Bañez recommends contacting your congressperson, using a casework tool that can guide you through submitting a constituent request. 'These offices have entire teams dedicated to constituent casework for when you have an issue with a federal agency, such as the Department of Education,' she said. 'So you can request assistance from your member of congress — your representative or senator.' What happens if you remain in default Until past due payments are paid or the loan's default status is resolved, borrowers are at risk of having up to 15% of their wages deducted directly from their paychecks. The Department of Education has sent notices to borrowers warning that tax refunds and wages could be withheld starting this summer if borrowers don't take steps to restart payments. The department hasn't yet provided additional information on timing. Richelle Brooks, 37, an education administrator based in Los Angeles, said she's received warnings and notices about the resumption of collection of her loans. For several degrees, she still has $239,000 in outstanding debt, and she was informed her monthly payments on those loans will be roughly $3,000. 'I can't afford it,' she said. 'We just came out of the moratorium — not paying for five years. People getting these notices — they're terrified. I'm uneasy, too.' Brooks said she's an informed borrower who stays up to date on each development and who knows her options. She plans to enroll in coding classes, at least half-time, which could place her loans in deferment, so she wouldn't be required to make monthly payments, while she makes a financial plan. Some options if you fear your wages will be garnished There's still time to take action. According to Taylor, the Department of Education must provide 30 days notice before it sends a garnishment order to your employer. During that time, you can request a hearing to object by telling the department that the garnishment would cause you financial hardship. You can also request that the department reduce the amount being garnished and submit documentation about your income and expenses. To do this, you must make your hearing request in writing, postmarked no later than 30 days after the garnishment order. Your loan holder will then arrange the hearing. If you're unsure who your loan holder is, you can contact the Education Department's Default Resolution Group. If you were laid off from your last job, you can also object to garnishment if you have not been in your current job for 12 consecutive months. You can further request a hearing and object if you submitted an application for certain kinds of statutory discharges and those have not yet been decided. Some common reasons for statutory discharge of student loans include: if the school you attended closed before you could complete your degree, if your school owes you a refund but fails to pay it, if you're experiencing total disability, or if you're experiencing bankruptcy. 'If the borrower requests a hearing within 30 days after receiving the garnishment notice, the department cannot start garnishment until it issues a decision on the borrower's objections and financial hardship request,' Taylor said. You can request a hearing after the 30 day period is up, but in those cases the department will generally not stop garnishing your wages while the hearing request is pending. ___ The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.