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0 0.000771010023130284 0.000963762528912821 0.00371241326137237 0.00154202004626057 0.000578257517347747 0.00192752505782578 0.00424055512721663
Stock impact report

Honda Becomes Latest Automaker to Project Massive Hit in Pivot Away From EVs [Yahoo! Finance]

Honda Motor Company, Ltd. (HMC) 
Last honda motor company, ltd. earnings: 2/7 03:16 am Check Earnings Report
US:NYSE Investor Relations: world.honda.com/investors
Company Research Source: Yahoo! Finance
Honda joins other automakers including Stellantis, General Motors, and Ford in pivoting away from EVs. Another auto giant is pivoting away from electric vehicles amid a number of changes in the U.S. market. This time it's Honda Motor Company ( HMC ), whose U.S.-listed shares sank this morning after the Japanese automaker told investors it's pivoting away from electric vehicles, and expects to take a big hit while doing so. The move follows similar announcements in recent months from other automakers, including Stellantis STLA Ford F ), and General Motors GM Honda said Thursday that it expects to take on charges of up to 2.5 trillion Japanese yen ($15.75 billion) in its fiscal year ending March 31 as part of the transition. Honda cited the expiration of EV tax credits in the U.S. and President Trump's tariffs as factors in the decision, as they have made it much more difficult to sell cars profitably in the U.S. Why This Matters to Investors Several automakers, including Hon Show less Read more
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