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Honda takes a $15.7 billion hit as EV retreat continues to batter legacy automakers

Ali Nemati1 day ago26 sec read8 views

Honda is writing off up to $15.7 billion as it cancels several EV models and adjusts its North American strategy due to changes in US tariff policies and declining competitiveness in Asia. This move highlights the financial challenges legacy automakers face as they recalibrate their electric vehicle plans, emphasizing the need for more affordable EV options to reignite demand.

Read the full article at Business Insider

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