Honda has recorded its first annual loss in roughly 70 years, highlighting the growing challenges facing global automakers as demand for electric vehicles fails to meet earlier expectations. For the financial year ending in March 2026, the Japanese company reported an operating loss of approximately ¥423 billion, equivalent to about $2.7 billion. The disappointing results… Continue reading Honda Reports First Annual Loss in Seven Decades Amid EV Slowdown
Tag: Honda
Honda Faces Historic Loss as EV Shift Takes a Toll
The rapid transformation of the electric vehicle market is creating serious challenges for Honda Motor, pushing the company into unfamiliar territory. Analysts are taking a closer look at Honda’s financials as the automaker grapples with the high costs of transitioning to electric mobility. The company has announced it will record an impairment charge of up… Continue reading Honda Faces Historic Loss as EV Shift Takes a Toll
Honda’s Two-Wheel Lifeline Faces a New Test
For decades, motorcycles have been the quiet engine powering Honda Motor. While the company’s cars often dominate headlines, it’s the two-wheeler division that has consistently delivered strong profits. Now, however, even this dependable pillar is beginning to feel the strain. Honda’s struggles in the electric car space have raised the stakes across its entire business.… Continue reading Honda’s Two-Wheel Lifeline Faces a New Test
Honda to cut down production at plants in Japan and China due to shortage of semiconductor chips
Honda Motor will have to cut down production at plants in Japan and China in coming weeks, due to fallout of the global chip shortage. The company will halt output in Japan on Jan. 5 and Jan. 6, a spokesperson mentioned on Thursday, without specifying which plants will be affected. Moreover, its three facilities in… Continue reading Honda to cut down production at plants in Japan and China due to shortage of semiconductor chips