Honda reports first loss in decades as it slows EV strategy

Honda

Japan 's second largest carmaker Honda on Thursday confirmed its first operating loss since 1957, before it started selling cars in the early 60s.  The company has embarked on a major overhaul of its electic vehicle (EV) strategy, particularly in its core market in the US, after previously betting on more rapid electrification of the industry.  Honda had already warned of a sizeable financial hit  as a result of this shift in March, meaning that investors were largely unperturbed by Thursday's

Tag-uri: Honda

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