Honda Posts First Ever Annual Loss After Pullback From E.V.s
NYT > Business·May 14, 2026
Honda has reported its first annual loss in over 65 years, with the company suffering a significant financial setback. The loss is attributed to a multibillion-dollar hit resulting from the scaling back of its electric-vehicle plans. This major financial downturn marks a significant shift for the company, which had previously experienced consistent profitability. Honda's decision to pull back from its electric-vehicle ambitions has had a profound impact on its financial performance.
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