us-auto-market

finance.yahoo.com

Honda Reports First Annual Loss Since 1955 After EV Investment Writedown

Honda posted a net loss of 403.3 billion yen for its fiscal year ending in March after taking a 1.6 trillion yen charge related to its electric vehicle investments. The company cited changes in U.S. emissions rules and the end of a $7,500 federal tax credit that contributed to we…

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