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0 0 -0.014626635873749 -0.014626635873749 -0.00692840646651269 -0.00692840646651269 -0.0107775211701308 -0.0088529638183218
Stock impact report

Honda Warns of $15.7 Billion EV Charge as Auto Business Losses Deepen [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
This article first appeared on GuruFocus Honda Motor Co. ( NYSE:HMC ) is confronting a sharp financial setback after an aggressive electric-vehicle push backfired, forcing the automaker to record a 2.5 trillion ($15.7 billion) impairment charge tied largely to EV investments that were abandoned shortly before launch. The write-down could precede what may become Honda's first annual loss on record and highlights the risks of its late attempt to catch up with EV leaders such as Tesla ( NASDAQ:TSLA ) and China's BYD ( BYDDF ). The charge also underscores broader weaknesses that had already been building across Honda's core automobile operations. Warning! GuruFocus has detected 3 Warning Sign with HMC. Is HMC fairly valued? Test your thesis with our free DCF calculator. Honda's automotive division has now logged four consecutive quarters of losses, marking the longest downturn since the aftermath of the Fukushima earthquake and tsunami 15 years ago. Performance in major markets h Show less Read more
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