HMC
$25.48
Honda Motor Co., Ltd.
Recent News
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Let's take a look at different levels of disruption due to the Iran conflict, and whether investors have reason for concern.
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Trump tariffs have cost automakers more than $35 million so far
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Honda Warns of $15.7 Billion EV Charge as Auto Business Losses Deepen
This article first appeared on GuruFocus. Honda Motor Co. (NYSE:HMC) is confronting a sharp financial setback after an aggressive electric-vehicle push backfired, forcing the automaker to record a 2.5 trillion ($15.7 billion) impairment charge tied largely to EV investments that were abandoned shortly before launch. The write-down could precede what may become Honda's first annual loss on record and highlights the risks of its late attempt to catch up with EV leaders such as Tesla (NASDAQ:TSLA) and China's BYD (BYDDF).
Honda cancels 3 planned EV models for US
Honda shifts U.S. strategy from electric vehicles to hybrids as consumer demand weakens, canceling three planned EV models including Honda 0 Series lineup.