US EditionHonda Shocks Car World By Canceling Ambitious EV Program
Honda expects a fiscal-year net loss up to $4.8 billion as it cancels three U.S. electric vehicle models and halts development amid a slump in EV sales and policy shifts.
10 Articles
10 Articles
Although electric car sales are still growing, it's not happening as fast as automakers expected. Honda is also aware of this, having decided to take a radical step. It has deprived us of the opportunity to buy some of the most boldly shaped cars in history.
Honda cuts 3 U.S. EV projects, losses could hit nearly $16B
Honda 0 Series EV concepts will not enter production in North America as a result of a strategy shift by the automaker. (HONDA PHOTO) TOKYO — Honda Motor Co., Ltd. announced March 12 that it will cancel development and planned market launches for three electric vehicle models previously slated for production in North America as part of a broad reassessment of its automobile electrification strategy. The canceled models include the Honda 0 SUV, H…
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
