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[Honda's Automobile Business in the Red] Huge Ev-Related Costs / Three Reasons for the Automobile Business's "Fall Into the Red" / Why Is President Mibe Now the "Corporate Transformation Officer" / Is the Time for a Change in President Approaching? / Meas
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Honda was one of the first Japanese automakers to launch an "EV shift" strategy and has been pushing ahead with bold transformation. However, the burden of EV-related losses is heavy, and the company's automobile business is expected to fall into the red in fiscal 2025. By 2040, Honda plans to shift all new vehicle sales to EVs and F…
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