Honda makes its first annual loss in 70 years
BBC News·May 14, 2026
Honda has reported its first annual loss in 70 years, marking a significant downturn for the company. In response to the loss, Honda is reassessing its business strategy and will no longer prioritize scrapping its internal combustion engine vehicles. The company will pivot away from its previous goal of making all its vehicles electric by 2040. Honda's new approach aims to adapt to changing market conditions and improve its financial performance.
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