Honda Projects $15.7 Billion Loss as It Pivots Away From EVs

Date:

The company is also planning to cancel three EV models for the North American market.A Honda SUV e: Prototype electric vehicle is displayed during a media day for the Auto Shanghai show in Shanghai, China, on April 20, 2021. Aly Song/Reuters3/12/2026|Updated: 3/12/2026A reassessment of Honda Motor Co., Ltd., corporate electric vehicle (EV) strategy and planned cancellation of three EV models for the North American market could lead to losses totaling approximately $15.7 billion for its fiscal year ending March 31, the company said in a news release on March 12.It would be the first time Honda has posted an annual loss since its shares were first listed on the Tokyo Stock Exchange in 1957.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Chinese National Pleads Guilty to Money Laundering Over Prostitution Scheme

The U.S. Department of Justice in Washington on Aug....

Trump Admin Weighs Allowing Foreign Ships to Transport US Crude to Domestic Refiners

The oil tanks and the Bayway Refinery of Phillips...

How to Resolve Conflicts With Your Adviser

Dealing with a difference in opinion or approach can...

US, Russian Delegates Meet in Florida on Wednesday

U.S. special envoy Steve Witkoff (R) and U.S. President...