Honda has warned it expects a huge hit to its finances because of a major reorientation of its electric vehicle (EV) strategy.  Japan's second-largest carmaker tried to lead the charge on electric motoring but it says that US policy changes and tariffs, coupled with reduced competitiveness in Asia, are forcing it to adjust.  German performance carmaker Porsche suffered a similar hit to its balance sheet in 2025 amid the same bid to partially pull the plug on EVs, with news of its almost

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