Honda Shifts Gears on EVs Following Massive Quarterly Loss

Honda Shifts Gears on EVs Following Massive Quarterly Loss

Japanese automotive giant Honda is rethinking its strategy regarding electric vehicles as it absorbed red-ink losses stemming from their development and the impact of U.S. tariffs. In the first quarter of its 2025-2026 fiscal year (April 1 to June 30, 2025), Honda took a one-time charge of ¥113.4 …

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