Honda Posts First-Ever Annual Loss After Strategic Pivot Away From E.V.s
Honda Motor Company reported its first annual financial loss since 1957 this week, marking a historic fiscal downturn for the Japanese automotive giant. The company attributed the multibillion-dollar deficit to a sudden, costly recalibration of its global electric-vehicle (E.V.) production strategy. A Historical Shift in Strategy For decades, Honda has maintained a reputation for fiscal…