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Honda Motor's shares surged over 7% on Friday, even after the company reported its first annual operating loss in almost 70 years, indicating investor confidence despite the financial setback.
Amid reports that Honda Motor plans to indefinitely suspend development of its $15-billion electric vehicle complex in Canada, Ottawa acknowledged that automakers are facing 'significant change' in the industry.
AC VIVA, the general importer of Honda motorcycles for Montenegro, announced that Honda has extended its factory warranty on motorcycles from the previous 2 years to an impressive 6 years.
Honda announced its first annual financial loss in 70 years, marking a significant downturn for the automaker. Despite the historic loss, the company's stock rose as its guidance topped estimates, alongside plans for a major pivot towards hybrid vehicles.
Japanese automakers Honda and Toyota are being highlighted as strong investment opportunities due to their focus on electric vehicle (EV) and fuel cell electric truck development. Morgan Stanley projects a significant market opportunity for these companies in the evolving automotive industry.
A preview of Honda Motor's fiscal year earnings report has been released, offering insights into the company's financial performance expectations.
Honda Projects First Loss Since 1957 - $15.7 Billion - Thanks To EV Strategy Fail Authored by Rob Sabo via The Epoch Times (emphasis ours), A reassessment of Honda Motor Co., Ltd., corporate electric vehicle (EV) strategy and planned cancellation of three EV models for the North American market could lead to losses totaling approximately $15.7 billion for its fiscal year ending March 31, the company said in a news release on March 12. A Honda SUV e: Prototype electric vehicle is...