#ev-strategy-retreat

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#automotive-industry #motorcycle-business #financial-performance #strategic-challenges
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from24/7 Wall St.
2 days ago

2 Vehicle Manufacturer Stocks to Watch: Honda and REV Group

Honda faces severe EV challenges with $1.76 billion in charges and a strategic retreat from 30% to 20% EV sales targets, while its motorcycle business remains highly profitable and increasingly important to overall performance.
fromBusiness Insider
2 days ago

Honda takes a $15.7 billion hit as EV retreat continues to batter legacy automakers

Honda said it expects to write off up to 2.5 trillion yen - roughly $15.7 billion - as it reshapes its North American EV strategy. Honda expects the charge will push profits into the red in 2026, marking its first annual loss in nearly 7 decades.
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