Tag Archives: Honda Motor posts first full-year operation loss

“Honda will reallocate more development and production resources into hybrid models to accelerate the market launch ahead of the original schedule and increase the number of compelling products,” said Toshihiro Mibe, global CEO of Honda Motor Co., Ltd. “We have made steady progress in the development of hybrid vehicle technologies, where Honda has strengths, based on our belief that hybrid models will continue to be the key to addressing environmental challenges.” [Today Honda posted its first Japanese full-year loss in history taking ~$9 billion in costs ‌to restructure its electric-vehicle business. Honda also dumped its longer-term EV sales forecast.-AutoCrat] Continue reading →