Honda Cancels All Three EVs That It Planned to Build in the U.S.
a day ago
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- Honda cancels development and sale of 0-Series SUV, 0-Series Saloon, and Acura RSX in the U.S.
- Decision influenced by American tariff policies, volatile EV incentives, and fossil fuel regulations.
- Expected financial losses up to $15.8 billion; executives reducing salaries by up to 30% for three months.
- Shift due to changing customer values in China, focusing more on software features over fuel efficiency and space.
- Ohio manufacturing facility retooled, but vague future plans for electric models announced instead.
- Revised mid- to long-term strategy to be announced in May.