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News Wire / economy

Honda Posts First Operating Loss in 70 Years

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Carmaker Honda has reported its first annual operating loss in nearly 70 years. The company posted an operating loss exceeding $2.6 billion. Honda has reported its first financial loss, signaling broader struggles within the automotive industry. Honda reported a loss of more than $2.6 billion, attributed to its electric vehicle business, competition from China, and US tariffs. This marks the first time the company has lost money in almost 70 years. The loss was partly attributed to the auto-giant's restructuring of its electric vehicle division. The company is now shifting its strategy to focus on hybrid SUVs and sedans. The specific financial period for this loss was not detailed.

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automotive industry financial results business

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Sources · 7 independent

NBC News Radio

“Carmaker Honda has lost money for the first time in almost 70 years. Tamatro Heo with details. The company posted an annual operating loss of more than $2.6 billion.”

NBC News Radio

“Carmaker Honda has lost money for the first time.”

NBC News Radio

“Honda lost money for the first time in almost 70 years, post-Sports.”

NBC News Radio

“Carmaker Honda has lost money for the first time in almost 70 years. Tamatrochio with details. The company posted an annual operating loss of more than 2.0 points.”

NBC News Radio

“2024. And Honda lost money for the first time in almost 70 years, posting an annual operating loss of more than $2.6 billion. Part of that hit came from the auto-giant's restructuring of its electric.”

NBC News Radio

“Carmaker Honda has lost money for the first time in almost 70 years. Tamatrochio with details. The company posted an annual operating loss of more than two.”

NBC News Radio

“Honda has lost money for the first time in almost 70 years.”

NBC News Radio

“and Honda lost money for the first time in almost 70 years, posting an annual operating loss of more than $2.6 billion. Part of that hit came from the auto-giant restructuring of its electric.”

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