Overview
- The canceled models are the Honda 0 Saloon, the Honda 0 SUV, and the Acura RSX that had been slated for the U.S. market.
- Honda recorded a roughly ¥2.5 trillion ($15.7 billion) EV-related impairment and said it expects its first annual loss in nearly 70 years.
- The company is shifting its U.S. product focus to hybrids and will pace future EV launches with a longer, more flexible timeline.
- Executives cited weakening EV demand, U.S. policy changes under President Donald Trump, tariff pressures, and intensifying competition from faster-moving Chinese EV makers.
- Honda said cash outflows from the writedown will largely go to supplier compensation, and it is reorganizing development under R&D after recent resets that followed major EV investments such as the Ohio battery plant stake buyout.