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Honda's First Annual Loss: EV Push Costs $2.6B
Published 2 days, 12 hours ago
Description
Hondas first annual loss in nearly seven decades, totaling $2.6 billion, was driven by U.S. tariffs and $9 billion in electric vehicle operation costs. Despite surpassing analyst expectations, the loss marks a significant shift for Japans second-largest automaker. Honda plans to rebound with a projected $5 billion profit this year, focusing on cost cuts and strong motorcycle sales.
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