
Honda Reports First Annual Loss in 70 Years, Plans Hybrid Shift
Honda has announced its first annual operating loss in 70 years as a publicly traded company, a result that comes alongside plans for a significant pivot towards hybrid vehicles and the scrapping of its 2040 all-electric vehicle goal. Despite the loss, the company's stock rose due to optimistic guidance.
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Honda makes its first annual loss in 70 years
The firm will now pivot away from scrapping its target for all of its vehicles to be electric by 2040.
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Read full article →Honda makes its first annual loss in 70 years
Japanese car giant Honda made its first annual loss in 70 years as its investments in the electric vehicle (EV) market failed to pay off.
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