Honda Shifts Focus Toward Hybrids and ICE Models Amid $10 Billion EV Losses
Honda Motor Co. is shifting its focus from electric vehicles (EVs) to hybrids and internal combustion engine (ICE) models due to significant financial losses in the EV segment, which reached approximately $10 billion for fiscal year ending March 31. The company plans a three-year investment of ¥4.4 trillion ($27.8 billion) into new gasoline and hybrid vehicles as well as software technologies.
Tickers: $HMC
Topics: electric_vehicles financial_losses hybrid_technology investment_reallocation