Facing losses of nearly $16B, Honda to cancel new U.S.-built EV models [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
A spokesman for Honda in Ohio said the company will be flexible in response to market demand. "Honda established a highly flexible manufacturing environment in Ohio capable of building the right products to meet customer demand," Honda spokesman Chris Abbruzzese said. "That flexibility remains central to our strategy. We will continue producing gasoline and hybrid vehicles at both the Marysville Auto Plant and the East Liberty Auto Plant. "Additionally, discussion is moving forward as part of our joint venture partnership with LG Energy Solution to localize production of hybrid batteries and energy storage systems at L-H Battery Co. in Jeffersonville," he added. Honda's decision affects the development and market launch of three EV models in the U.S. — the Honda 0 SUV, Honda 0 Saloon, and Acura RSX, the company said Thursday. The RSX was to be the first EV produced at what Honda called its "EV Hub" in Ohio and was to be built on the same production line as the Acura Integra.
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News
- 2 Vehicle Manufacturer Stocks to Watch: Honda and REV Group [Yahoo! Finance]Yahoo! Finance
- Analysis-Honda's $15.7 billion EV writedown is painful, but China challenges loom down the road [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