Honda Reports First Full-Year Loss Due to EV Strategy
Honda has reported its first full-year loss since going public in 1957, attributed to a $10 billion hit on electric vehicle investments. This marks a challenging period for the automaker as it transitions its product line.
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Sources · 7 independent
CBC Radio One
“this decision has been looming for more than a year. With respect to Honda, it disappointed me. For Prime Minister Mark Carney, that disappointment is one”
CBC Radio One
“know if Canadian operations will have access to the crucial U.S. Market. More than 80% of the vehicles made at Honda and All”
Bloomberg Radio
“For the first time in seven decades, Japanese automaker Honda has reported a yearly loss. Honda says it lost $2.7 billion thanks to its EV”
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