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🚨 #HONDA SUFFERS FIRST LOSSES IN 70 YEARS DUE TO BET #FALLIDA ON ELECTRIC VEHICLES ⚡🚗
The automaker #japonesa reported operational losses exceeding $2.680 BILLION after admitting that the demand for electric vehicles wasn't as strong as anticipated 📉
🔻 Honda now:
❌ Will cut electric vehicle production targets
❌ Will abandon electrification goals for 2040
❌ Will suspend battery manufacturing plans in Canada
📊 Factors hitting the company:
🔸 End of subsidies for electric cars in the U.S.
🔸 Tariffs on imported vehicles and auto parts
🔸 Growing competition from Chinese manufacturers
🔸 Decreased global demand for EVs
👀 To cut costs, Honda will start sourcing parts from China and focus its business on:
🏍️ Motorcycles
🚘 Hybrid vehicles
💳 Financial services
Analysts say many traditional automakers jumped into the electric vehicle game too quickly… and now they're paying the price ⚠️
The automaker #japonesa reported operational losses exceeding $2.680 BILLION after admitting that the demand for electric vehicles wasn't as strong as anticipated 📉
🔻 Honda now:
❌ Will cut electric vehicle production targets
❌ Will abandon electrification goals for 2040
❌ Will suspend battery manufacturing plans in Canada
📊 Factors hitting the company:
🔸 End of subsidies for electric cars in the U.S.
🔸 Tariffs on imported vehicles and auto parts
🔸 Growing competition from Chinese manufacturers
🔸 Decreased global demand for EVs
👀 To cut costs, Honda will start sourcing parts from China and focus its business on:
🏍️ Motorcycles
🚘 Hybrid vehicles
💳 Financial services
Analysts say many traditional automakers jumped into the electric vehicle game too quickly… and now they're paying the price ⚠️
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