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How Honda’s North American EV Retreat and Massive Write-Downs Will Impact Honda Motor (TSE:7267) Investors
Earlier in March 2026, Honda Motor Co., Ltd. cut its full-year guidance from an expected operating profit of ¥550.0 billion to an operating loss and cancelled several North American EV programs, including models tied to its Sony Honda Mobility Afeela venture, triggering very large one-off charges of about ¥930.0 billion–¥1.27 trillion.
Beyond the immediate hit to earnings, Honda’s move highlights a decisive shift toward hybrids, cost control, and selective electrification after reassessing...