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Stock impact report

Honda reports $15 billion in losses amid market shift [Yahoo! Finance]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Yahoo! Finance
What's happening? On Thursday, Honda disclosed anticipated losses of 2.5 trillion yen along with an abrupt shift in manufacturing focus. Three new Honda electric vehicles that were "months from starting production" at the company's Ohio EV facility were scrapped, Engadget reported. As Reuters noted, Honda was not the only big-name automaker to suffer billion-dollar losses in late 2025 and early 2026, with a common cause behind them. In July, the United States Senate passed the "One Big Beautiful Bill Act," abruptly reversing a longstanding federal EV tax credit. The loss of the provision was not the only sudden aspect of the legislation, as it took effect Sept. 30, leaving automakers scrambling. Ford and GM also sustained multi-billion-dollar losses after the federal government moved to curtail EV momentum. According to Reuters, Honda CEO Toshihiro Mibe admitted that the loss of EV credits in the U.S., coupled with new low-cost EV options, made it "very difficult" for the Show less Read more
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