Honda reports its first annual loss in decades after scaling back its electric-vehicle plans. Multiple outlets say the company posts a full-year loss for the fiscal year ending March 2026, describing it as the first negative result since 1957 or, in one report, since 70 years ago. The loss is commonly given as about ¥423.9 billion (about $2.7 billion). Sources attribute the downturn to the costs of its EV push, including lower-than-expected EV demand and the financial impact of revising its strategy. BBC and other reports say Honda is now pivoting away from scrapping an earlier target of moving all vehicles to be electric by 2040. Some coverage also links the broader reassessment to market conditions and changing plans for profitability. Despite the loss, at least one source notes that Honda shares rise on forecasts for 2026, which are described as more optimistic. Overall, the reporting centers on Honda’s shift in EV direction, the resulting one-year financial setback, and expectations for improved results ahead.
Honda posts first annual loss since 1957 after scaling back EV strategy
Honda reports its first annual loss in decades after scaling back its electric-vehicle plans. Multiple outlets say the company posts a full-year loss for the fiscal year ending March 2026, describing...
- Honda posts its first annual loss since 1957 (about 70 years).
- The reported loss is about ¥423.9 billion (about $2.7 billion) for the fiscal year ending March 2026.
- Honda cites costs tied to scaling back its electric-vehicle strategy and weaker-than-expected EV demand.
- Honda adjusts its long-term EV plans, including moving away from scrapping its target for all vehicles to be electric by 2040.
- Some reports say Honda’s share price increases on more optimistic 2026 forecasts.
Bosses said demand for EVs has not been as strong as forecast as the company revealed total operating losses for the year ending March 2026 of ¥423bn (£1.99bn).
3 months agoThe firm will now pivot away from scrapping its target for all of its vehicles to be electric by 2040.
3 months agoAfter incurring losses of $16-billion on EVs, automaker outlines new return-to-profit strategy
3 months agoHonda says it racked up a full-year loss for the first time ever, losing $2.7 billion in the last fiscal year due to a costly electric-vehicle strategy
3 months agoHonda announced a 423.9 billion yen ($2.7 billion) loss Thursday in a first-ever negative result for the fabled Japanese automaker, reportedly driven by heavy costs for its electric-vehicle plans underscored by President Donald Trump’s pro-U.S. manufacturing policies. The post Honda’s Costly EV Fiasco Drives First-Ever Annual Loss appeared first on Breitbart.
3 months agoThe Japanese carmaker pursued an aggressive switch towards electric vehicles that it's now trying to walk back. Despite posting its first loss since 1957, its share price spiked on more buoyant predictions for 2026.
3 months ago
DOJ says Kennedy Center could be demolished if Trump-linked renovations are blocked
The Trump administration, through the U.S. Department of Justice, tells a federal judge that the Kennedy Center could ul...
Wisconsin high school quarterback Adam Massman dies after injury during game
A 17-year-old Wisconsin high school quarterback, Adam Massman, dies after injuries he suffers during a game, multiple ou...
Investor-rights law firms announce securities fraud investigations and class action filings for Pentair
Multiple law firms publicly announce securities fraud-related investigations and class action lawsuits involving Pentair...