Honda, Mazda on bumpy path to profit recovery amid chip crunch

Japanese automakers increasingly urged to shift to EVs as China's BYD leads

20230215 Honda Mazda

Japanese automakers such as Honda and Mazda are heading into another grim year despite posting upbeat quarterly results for the end of 2022. (Source photos by Reuters)

SAYUMI TAKE, Nikkei staff writer

TOKYO -- Japan's auto companies are driving into another grim year despite posting upbeat quarterly results for the end of 2022 as chip shortages continue to shackle operations and the stronger yen threatens to weigh on their financial statements.

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