Sentiment: Negative
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Honda (HMC) Stock Tanks After Scrapping U.S. EV Plans Entirely
By Trader Edge at 2026-03-12 13:28
Sentiment: Negative
TLDR Honda announced a write-down of up to $15.7 billion (2.5 trillion yen) tied to its EV strategy overhaul It will post its first annual loss since listing in 1957, swinging from a 550 billion yen profit forecast to a 570 billion yen loss Honda cancelled three EV models planned for U.S. production, rather than [...] The post Honda (HMC) Stock Tanks After Scrapping U.S. EV Plans Entirely appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
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