Honda Projects First Loss Since 1957 - $15.7 Billion - Thanks To EV Strategy Fail

AI Briefing

• – Honda projects first loss since 1957 due to EV strategy fail, $15.7 billion loss; shares down 6% in intraday trading.
• – Company cites declining profitability, easing of fossil fuel regulations, and revised EV incentives as factors behind its decision.
• – Honda cancels planned EV models, including Honda e: Prototype and Acura RSX.