Honda makes its first annual loss in 70 years
The firm will now pivot away from scrapping its target for all of its vehicles to be electric by 2040.
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Notable Quotes
""It's a bleak milestone for Honda but not a surprising one," said Danni Hewson, head of financial analysis at AJ Bell."
— Danni Hewson , Executive
""Like many legacy automakers it gambled on motorists making a quick move to EVs - and lost as the world shifted.""
— Danni Hewson , Executive
""companies like Honda are having to adapt on the fly which is tough for businesses of this scale.""
— Danni Hewson , Executive
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The firm will now pivot away from scrapping its target for all of its vehicles to be electric by 2040.
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