Overview
- Honda, which reported results Thursday, posted a 423.9 billion yen net loss in its first year in the red, driven by EV write‑downs that the company estimates at up to 2.5 trillion yen.
- Honda will pour 4.4 trillion yen into petrol and hybrid vehicles through March 2029, invest 1 trillion yen in software, and limit EV spending to 800 billion yen, with 15 new hybrid models planned by 2030.
- The automaker previewed a Honda Hybrid Sedan Prototype and an Acura Hybrid SUV Prototype, saying the first models using its next‑gen hybrid system will arrive within two years and target lower costs with better fuel economy.
- Honda indefinitely suspended its C$15 billion Alliston, Ontario EV complex, said no government funds had been received and current plant jobs are unaffected, and it will retool Ohio capacity and some LG battery JV lines for hybrid output.
- The company blamed higher U.S. tariffs and reduced EV incentives under President Trump and weaker China competitiveness, forecast a return to profit next fiscal year, and saw shares rise after guidance topped expectations.