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Stock impact report

Honda EV Retreat Triggers Writedown And Puts Focus On Hybrids And Value [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
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Honda Motor (TSE:7267) cancelled key electric vehicle programs in North America, including several planned high profile models. The company recorded a large writedown tied to its EV efforts. Management now projects Honda's first annual loss in nearly 70 years as a result of these changes. Honda plans to shift emphasis toward hybrid vehicles, restructure parts of the business, and cut executive pay. Honda Motor occupies a central position in global auto manufacturing, with a long history in combustion engine and hybrid vehicles across North America, Europe, and Asia. The decision to pull back on certain EV projects comes at a time when automakers are reassessing the pace and cost of full electrification, even as regulators and competitors continue to push battery powered models. For you as an investor, the cancellation of these EV programs and the projected annual lo Show less Read more
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