Honda warned that expected to bokk losses of almost $16 billion in this fiscal year

Honda warned that expected to bokk losses of almost $16 billion in this fiscal year

 Kazuhiro NOGI

Japan's Honda said Thursday it expected to book nearly $16 billion in expenses and losses related to a major reorientation of its electric vehicle (EV) strategy, blaming US policy changes and tariffs.

"Honda believed EVs would be the optimal solution from a long-term perspective. Based on this belief, Honda shifted its strategic direction toward the popularisation of EVs," the firm said.

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