Honda's EV Shift: Loss & Hybrid Focus
Washington DC News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Hondas electric vehicle plans take a hit as they announce a $15.7 billion writedown, canceling three U.S. models. The shift towards hybrids, Trump administration changes, and weak Chinese sales contribute to their first annual loss in nearly 70 years. Honda now focuses on hybrids in the U.S. and India, with an updated strategy to be revealed in May.
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