Honda ends Afeela EV with Sony, shifts focus to AI, audio tech, and non-EV opportunities while keeping partnership intact.
Honda is recalling 440,830 vehicles in the U.S. over improper deployment of air bags, the U.S. National Highway Traffic Safety Administration said on Wednesday.
HMC North America Q1 sales fall 4.2%, but hybrid record growth and Acura gains cushion decline.
Honda Motor Co., Ltd. (HMC) Q4 2026 Press Conference Call Transcript
I get it; it's not an easy time for a legacy automaker to be selling electric vehicles, what with incentives being gutted and Chinese automakers knocking at the door. But Honda is taking it to another level.
Two vehicle manufacturer stocks sit at opposite ends of the story spectrum. One is a global automotive giant navigating a painful EV retreat while its motorcycles quietly carry the load.
Honda's $15.7 billion writedown of its electric vehicle business is not just a painful reversal of its strategy for the U.S.; it also highlights more challenges to come from China, where it faces a widening technological gap.
Shares in Honda Motor fell more than 5% in Tokyo on Friday morning after the company flagged its first annual loss in almost 70 years as a listed company, hit by up to $15.7 billion in restructuring costs at its electric-vehicle business.
Honda said it booked a charge of up to $15.7 billion as it retreats from some EV plans. The Japanese automaker joins other global legacy automakers announcing billion-dollar EV charges.
Another auto giant is pivoting away from electric vehicles amid a number of changes in the U.S. market.
Honda has canceled three electric vehicles it was developing for the U.S. market, blaming President Donald Trump's tariffs and rising competition from Chinese EV companies.
HMC posts Q3 EPS beat, but revenues drop Y/Y, auto swings to loss, and FY26 outlook signals steep profit contraction.