Honda reports first annual loss in nearly 70 years due to EV costs

Business

Honda Reports First Annual Loss In Nearly 70 Years Due To Ev Costs

By Honolulu Star-Advertiser

TOKYO >> Honda Motor posted its first annual loss in nearly 70 years as a listed company today, hit by more than $9 billion in costs to restructure its electric-vehicle business, and the firm scrapped its long-term EV sales target. Revealing its wors ...Read more