Analysis-Honda's $15.7 billion EV writedown is painful, but China challenges loom down the road [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
Last honda motor company, ltd. earnings: 2/7 03:16 am
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Source: Yahoo! Finance
of its strategy for the U.S.; it also highlights more challenges to come from China, where it faces a widening technological gap. On Thursday, Japan's ?second-largest automaker said it would restructure its EV business - primarily in the U.S. - and write down the value of some Chinese operations, a ?move that could amount to an estimated 2.5 trillion yen ($15.7 billion). It will also report its first annual loss in its nearly 70 years as a listed company, it said. It said it would ?cancel three planned battery-powered models in the U.S., where demand for electric cars cratered after President Donald Trump ended related subsidies. Battery-powered cars accounted for just 2.5% of Honda's 3.4 million global sales last year, or about 84,000 vehicles. The scale of the writedown reflects the automaker's massive investment in research and development and production capacity as it sought to sell greater volumes of EVs, said Christopher Richter, an autos analyst at CLSA. The automaker s
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News
- Facing losses of nearly $16B, Honda to cancel new U.S.-built EV models [Yahoo! Finance]Yahoo! Finance
- 2 Vehicle Manufacturer Stocks to Watch: Honda and REV Group [Yahoo! Finance]Yahoo! Finance
- Honda shares plunge as $15.7B EV write-down triggers first annual loss since 1957 [Seeking Alpha]Seeking Alpha
- Honda Motor Co., Ltd. (HMC:NYSE) announced Notice Concerning Recording of Losses Associated with the Reassessment of Automobile Electrification Strategy and Revision on Forecast for Consolidated Financial Results for the Fiscal Year Ending March 31, 2026 Acquire Media Monitor
- Honda Scraps Three EVs as It Doubles Down on Hybrids [Yahoo! Finance]Yahoo! Finance
HMC
Sec Filings
- 3/12/26 - Form 6-K
- 2/10/26 - Form 6-K
- 12/16/25 - Form 6-K
- HMC's page on the SEC website