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Stock impact report

Remember those cool Honda 0 Series electric cars? They're not happening. [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
Why you had to cancel this car, Honda? We want this car. We want it so much. - Honda At CES 2024 (and, again, at CES 2025 ), Honda showcased some of the coolest-looking electric vehicle concepts we've ever seen. With a sleek retro aesthetic, the Honda 0 Series Saloon and 0 Series SUV seemed to be the company's ticket to make serious waves in the EV space, at a time when many other manufacturers were scaling down their EV plans. The idea was to bring these cars to market in 2026, but that's not going to happen. On Thursday, Honda announced it would cancel the development and market launch of both the Honda 0 Series models, as well as the electric Acura RSX, writing off roughly $15.7 billion in restructuring costs. "Honda determined that starting production and sales of these three models in current business environment where the demand for EVs is declining significantly would likely result in further losses over the long term," the company said in a statement The company lay Show less Read more
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