Honda Motor posted an operating loss of around 400 billion yen (US$2.55 billion) for the past financial year, its first in close to 70 years. Nissan announced in May 2025 that it would close factories and cut about 20,000 jobs globally amid weak sales in the US and China, and said last month it would cut 900 jobs in Europe.
The US economy is capitalist in the same way North Korea is Democratic. It looks good on the banner, but has little to do with the reality.