Honda forecasts loss after 15.7 billion dollar EV charge
Honda expects a 3.6 billion dollar annual loss after a major restructuring of its electric vehicle business. The firm will now prioritize hybrid development.
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Honda Motor Co., Ltd. has warned that it will tumble to a full-year loss, hit by a 2.5 trillion yen ($15.7 billion) restructuring of its electric vehicle (EV) business over the next few years. The automaker, headquartered in Japan, is the latest to signal rising challenges as global demand for battery-electric technology wanes.
