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Honda shifts focus to hybrid, ICE models amid significant EV losses
Over the next three years, Honda said it will invest 4.4 trillion yen ($27.8 billion) in new gasoline and hybrid vehicles and 1 trillion yen in software technologies.
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apnews.com
Honda records its first-ever annual loss on a costly EV strategy
Honda says it racked up a full-year loss for the first time ever, losing $2.7 billion in the last fiscal year due to a costly electric-vehicle strategy.
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malaymail.com
Honda posts first operating loss since 1957 after scrapping US EV plans
TOKYO, May 14 — Honda announced Thursday its first operational loss since 1957 after a major overhaul of its electric vehicle strategy in the United States.Japan’s number two...
