Honda books first annual loss, hit by $9 billion EV charge
By TodayTelugu Desk1 min read0 views
Honda Motor reported its first annual loss in almost 70 years, totaling 414.3 billion yen, due to U.S. tariffs and significant restructuring costs for its electric vehicle business. The automaker incurred over $9 billion in EV-related losses and anticipates further expenses, though it expects to return to profitability this fiscal year.
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