- Honda (7267) posted its first annual loss in 70 years after over $9B of EV-related restructuring costs; EV subsidy cuts and weak BEV sales forced bigger incentives and long-term unprofitability risk.
- Honda Motor Co. (7267): CEO Toshihiro Mibe says focus on U.S., Japan and India where rivals pose little threat; notes fast growth of challengers elsewhere and outlines three-year competition plan.
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Key facts: Honda posts first loss in 70 years; CEO eyes US, Japan & India
Honda (7267) posted its first annual loss in 70 years after over $9B of EV-related restructuring costs; EV subsidy cuts and weak BEV sales forced bigger incentives and long-term un