Honda Japan announced that it's reorganizing and restructuring its operations to stave off losses, and the 0 Series is the biggest casualty. This comes in the face of record losses for Honda, namely because of US market tariffs and the way that Honda has lost out on Asian market competitiveness.
Ford is preparing to launch its Universal Electric Vehicle platform, its next-gen EV architecture. The first model on the platform will be a mid-size electric truck with a starting price around $30,000. It'll have a 400-volt battery, a 48-volt power system, a true software-defined architecture and an LFP battery. Ford needs an electric-vehicle reset. Its attempt to own the EV truck market, the original Ford F-150 Lighting, ended in that model's cancellation amid concerns over its high price, poor towing performance and chronic unprofitability.
The last thing any public company wants to see is that it has a "going concern" warning, which acknowledges it may have little time to survive. The term means a company may need to restructure or liquidate part of its business. Electric vehicle (EV) company Polestar Automotive Holding UK PLC ( NASDAQ: PSNY) disclosed the problem yesterday. The announcement caused a collapse in the EV firm's shares.
