
Honda Shares Plunge on $15.7B EV Write-Down, First Annual Loss Since 1957
Japanese automaker Honda's shares have plunged following a $15.7 billion EV write-down, triggering its first annual loss since 1957, as it adjusts its electric vehicle strategy due to policy changes and reduced competitiveness.
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Honda warns of $16bn hit on its pivot away from EVs
Japan's Honda expects to book extra costs of almost $16 billion as it recalibrates its electric vehicle strategy. It blamed US policy changes and tariffs in part, as well as reduced competitiveness in Asia.
Read full article →Honda shares plunge as $15.7B EV write-down triggers first annual loss since 1957
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