Overview
- Honda scrapped the Honda 0 SUV, Honda 0 Saloon, and Acura RSX that had been slated for North American launch.
- All three models were to be built at Honda’s EV Motor Hub in Marysville, Ohio, with timelines that had targeted 2026 production.
- The company now expects up to ¥2.5 trillion (about $15.7 billion) in expenses and losses from impairments, write-offs, and related costs tied to its EV reassessment.
- Honda revised guidance to a net loss of ¥420 billion to ¥690 billion for the fiscal year ending March, reversing an earlier profit outlook of roughly ¥300 billion.
- Executives announced temporary pay cuts as Honda signals a shift toward strengthening hybrids, flags potential China investment write-downs, and prepares a broader strategy update in May 2026.