The Globe and Mail reports in its Wednesday, Feb. 11, edition that Honda posted a 61-per-cent drop in third quarter profit due to U.S. tariffs and electric vehicle restructuring costs, joining other automakers facing losses as EV demand declines. A Reuters dispatch to The Globe reports that Honda's grim results follow warnings from global automakers including Ford and Stellantis, which have recently flagged massive writedowns related to their EV operations. Demand for the technology has weakened in markets such as the United States, where buyers are increasingly choosing lower-priced cars as well as gasoline-electric hybrid models. Japan s second-biggest auto maker reported operating profit of 153.4 billion yen ($987.07-million (U.S.)) for October-December, down 61.4 per cent year-on-year and missing the 174.5-billion-yen average forecast from nine analysts polled by LSEG. U.S. tariffs pulled results down by a further 280 billion yen for that period, it said. The U.S. remains Honda's top market, accounting for more than two-fifths of its global sales over those nine months.