Honda Cancels Zero Series EVs Amid Financial Challenges
Honda has announced it is canceling its Zero Series electric vehicles (EVs), including the SUV and Saloon models as well as Acura RSX EVs, due to an 'extremely challenging earnings situation.' The decision comes amid Honda's expected annual net loss of ¥360 billion (~$2.5 billion) to ¥630 billion (~$4.4 billion), marking its first-ever public company loss in 50 years.
Topics: automaker losses electric vehicle strategy EV cancellations Honda Zero Series