Overview
- Honda, which disclosed results Thursday, reported a ¥423.94 billion net loss for the year ended March 2026 and forecast a return to profit in the year through March 2027.
- The company said the loss reflects EV write-downs and restructuring after U.S. EV tax credits were removed and Chinese makers drove prices lower.
- Honda halted a planned EV and battery complex in Canada and stopped development of three North American EV models.
- It dropped long-term sales goals that called for 20% EV share by 2030 and only EV or fuel-cell sales by 2040.
- Management is shifting spending to 15 new hybrid models and more locally sourced, market-specific designs, while saying HRC’s F1 and other racing programs continue unchanged.