Anonymousabout 2 hours ago
Honda Motor Co. reported its first annual net loss since becoming publicly traded in 1957, posting a ¥423.9 billion ($2.7 billion) deficit driven by ¥1.45 trillion ($9 billion) in EV-related writedowns after canceling three planned electric models. The loss, while historic for Honda, mirrors an industry-wide pattern of massive EV restructuring charges at Stellantis, Ford, and GM — raising the question of whether Honda's seven-decade profit streak was broken by strategic miscalculation or by a sector-wide reckoning with the economics of electrification.